HP Inc. (NYSE:HPQ) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in HP Inc. (NYSE:HPQ) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,396 shares of the computer maker’s stock after acquiring an additional 1,368 shares during the quarter. QRG Capital Management Inc.’s holdings in HP were worth $3,309,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Diversify Advisory Services LLC acquired a new stake in HP in the 3rd quarter worth approximately $228,000. US Bancorp DE raised its holdings in shares of HP by 0.7% in the third quarter. US Bancorp DE now owns 291,593 shares of the computer maker’s stock worth $10,459,000 after buying an additional 1,917 shares during the last quarter. Summit Wealth Partners LLC acquired a new stake in shares of HP during the third quarter worth $202,000. Capital Advisors Inc. OK purchased a new stake in shares of HP during the third quarter valued at $318,000. Finally, Farther Finance Advisors LLC increased its position in shares of HP by 8.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 21,859 shares of the computer maker’s stock valued at $784,000 after acquiring an additional 1,621 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE:HPQ opened at $30.75 on Friday. The company has a 50 day moving average price of $33.11 and a 200-day moving average price of $34.84. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.77%. HP’s payout ratio is 40.93%.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,737 shares of company stock worth $9,316,641. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on HPQ shares. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Barclays lifted their target price on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday. HSBC lowered HP from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Sanford C. Bernstein raised their price target on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, HP currently has an average rating of “Hold” and an average target price of $36.59.

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.