Generali Asset Management SPA SGR Buys Shares of 46,838 HP Inc. (NYSE:HPQ)

Generali Asset Management SPA SGR bought a new stake in HP Inc. (NYSE:HPQ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 46,838 shares of the computer maker’s stock, valued at approximately $1,528,000.

Other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of HP during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP during the 4th quarter valued at approximately $31,000. OFI Invest Asset Management bought a new stake in shares of HP during the 4th quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the 3rd quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the 3rd quarter valued at approximately $44,000. 77.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HPQ shares. Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company lifted their price target on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Sanford C. Bernstein lifted their target price 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, TD Cowen cut their target price on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, HP currently has an average rating of “Hold” and an average price target of $36.14.

HP Stock Performance

Shares of NYSE HPQ opened at $28.52 on Friday. The company has a market capitalization of $26.88 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80. The company’s 50 day moving average price is $31.97 and its 200-day moving average price is $34.24.

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

HP Dividend Announcement

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 issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.06%. HP’s dividend payout ratio is currently 41.37%.

Insider Transactions at HP

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 value of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

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.