HP Inc. (NYSE:HPQ) Position Boosted by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its position in HP Inc. (NYSE:HPQ) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,272 shares of the computer maker’s stock after buying an additional 21,613 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in HP were worth $4,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of HP by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker’s stock valued at $222,985,000 after acquiring an additional 90,606 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of HP by 1.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,281 shares of the computer maker’s stock worth $923,000 after purchasing an additional 354 shares during the period. Auxano Advisors LLC lifted its position in shares of HP by 3.7% in the 4th quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock worth $282,000 after buying an additional 310 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of HP in the 4th quarter valued at about $1,902,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of HP by 43.9% in the 4th quarter. Jones Financial Companies Lllp now owns 103,672 shares of the computer maker’s stock valued at $3,383,000 after buying an additional 31,634 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HPQ. HSBC cut shares of HP from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Barclays raised their target price on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, TD Cowen lowered their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.59.

HP Trading Down 2.7 %

HPQ stock opened at $30.03 on Tuesday. The firm’s 50-day moving average is $33.04 and its two-hundred day moving average is $34.80. The company has a market capitalization of $28.32 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.85%. HP’s dividend payout ratio is currently 41.37%.

Insider Buying and Selling

In other news, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction 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 approximately $3,253,964.40. This trade represents a 60.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s 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 sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 262,737 shares of company stock valued at $9,316,641 over the last three months. Company insiders own 0.41% of the company’s stock.

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.