Tower Research Capital LLC TRC Buys 41,942 Shares of HP Inc. (NYSE:HPQ)

Tower Research Capital LLC TRC increased its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 125.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,300 shares of the computer maker's stock after buying an additional 41,942 shares during the quarter. Tower Research Capital LLC TRC's holdings in HP were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of HP by 8.7% in the 3rd quarter. Barclays PLC now owns 2,307,573 shares of the computer maker's stock valued at $82,772,000 after purchasing an additional 183,741 shares during the period. Te Ahumairangi Investment Management Ltd raised its stake in shares of HP by 3.4% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 161,418 shares of the computer maker's stock valued at $5,757,000 after purchasing an additional 5,360 shares during the period. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of HP in the 3rd quarter valued at about $237,000. World Investment Advisors LLC acquired a new stake in shares of HP in the 3rd quarter valued at about $324,000. Finally, Arvest Bank Trust Division acquired a new stake in shares of HP in the 3rd quarter valued at about $11,745,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Performance

HPQ traded down $0.05 during trading hours on Friday, reaching $25.28. The company's stock had a trading volume of 5,023,205 shares, compared to its average volume of 7,851,164. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The company's 50-day moving average is $27.67 and its 200-day moving average is $32.30. The firm has a market cap of $23.83 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. Equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Wednesday, March 12th. HP's payout ratio is 41.37%.

Insiders Place Their Bets

In other HP news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, the insider now owns 169 shares in the company, valued at $4,814.81. This trade represents a 99.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen dropped their price target on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Loop Capital lowered their target price on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley lowered their target price on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Citigroup lowered their target price on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com downgraded HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $34.00.

HP Company Profile

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.