Stephens Inc. AR Has $7.38 Million Stake in HP Inc. (NYSE:HPQ)

Stephens Inc. AR increased its stake in HP Inc. (NYSE:HPQ) by 1,314.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 226,255 shares of the computer maker’s stock after purchasing an additional 210,261 shares during the quarter. Stephens Inc. AR’s holdings in HP were worth $7,383,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of HP in the third quarter worth $25,000. Synergy Asset Management LLC bought a new position in HP in the 4th quarter worth $26,000. Wolff Wiese Magana LLC boosted its holdings in HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after acquiring an additional 518 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of HP in the third quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of HP in the third quarter worth about $40,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

HPQ opened at $32.26 on Monday. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The firm has a market cap of $30.25 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.78 and a beta of 1.05. The firm’s 50-day simple moving average is $33.49 and its 200-day simple moving average is $34.94.

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

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is currently 40.93%.

Insider Transactions at HP

In related news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at $2,219,680.32. The trade was a 13.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,035 shares of company stock worth $9,670,068. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HPQ shares. Sanford C. Bernstein increased their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Citigroup reduced their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Barclays raised their price objective on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. TD Cowen increased their target price on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, HSBC cut HP from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, HP currently has a consensus rating of “Hold” and a consensus target price of $36.23.

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.