Centennial Wealth Advisory LLC Has $331,000 Position in HP Inc. (NYSE:HPQ)

Centennial Wealth Advisory LLC boosted its holdings in HP Inc. (NYSE:HPQ) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,153 shares of the computer maker’s stock after purchasing an additional 558 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in HP were worth $331,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in HP during the 3rd quarter worth $25,000. Synergy Asset Management LLC purchased a new position in HP during the 4th quarter worth $26,000. Wolff Wiese Magana LLC boosted its holdings in HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in HP during the 3rd quarter worth $37,000. Finally, Itau Unibanco Holding S.A. purchased a new position in HP during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ opened at $32.55 on Thursday. The firm has a market cap of $30.53 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.77 and a beta of 1.05. The stock has a 50 day simple moving average of $33.64 and a two-hundred day simple moving average of $35.04. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. HP’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.28%.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. HSBC cut HP from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. JPMorgan Chase & Co. lowered their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Citigroup lowered their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.23.

Insider Activity

In other news, CEO Enrique Lores sold 137,094 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the sale, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,933,898.67. This trade represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by company insiders.

About HP

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.