TD Waterhouse Canada Inc. lessened its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 83.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,227 shares of the computer maker's stock after selling 37,241 shares during the period. TD Waterhouse Canada Inc.'s holdings in HP were worth $236,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in HP during the fourth quarter valued at approximately $229,320,000. KBC Group NV boosted its stake in HP by 145.1% during the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock valued at $116,031,000 after buying an additional 2,105,104 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in HP during the fourth quarter valued at approximately $65,260,000. Bridgewater Associates LP raised its position in HP by 115.2% during the fourth quarter. Bridgewater Associates LP now owns 2,837,252 shares of the computer maker's stock valued at $92,580,000 after purchasing an additional 1,518,653 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in HP in the fourth quarter worth $36,492,000. Institutional investors own 77.53% of the company's stock.
Insiders Place Their Bets
In other news, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now owns 169 shares of the company's stock, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on HPQ shares. Wells Fargo & Company boosted their target price on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein boosted their target price on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Citigroup lowered their price objective on shares of HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Loop Capital lowered their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $33.83.
Check Out Our Latest Research Report on HP
HP Price Performance
NYSE:HPQ traded down $0.18 during midday trading on Thursday, hitting $25.40. The company's stock had a trading volume of 6,412,153 shares, compared to its average volume of 8,029,199. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The firm's 50 day moving average is $27.12 and its 200-day moving average is $32.12. The firm has a market cap of $23.94 billion, a P/E ratio of 9.04, a P/E/G ratio of 2.96 and a beta of 1.09.
HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current year.
About HP
(
Free Report)
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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