Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $6.69 Million Stake in HP Inc. (NYSE:HPQ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in HP Inc. (NYSE:HPQ) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,915 shares of the computer maker’s stock after selling 8,108 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HP were worth $6,686,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. TD Cowen decreased their target price on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Citigroup decreased their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, Barclays boosted their target price on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, HP has an average rating of “Hold” and a consensus target price of $36.14.

HP Stock Up 0.4 %

HPQ opened at $28.63 on Friday. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $27.43 and a twelve month high of $39.80. The company’s 50-day moving average price is $31.88 and its two-hundred day moving average price is $34.18.

HP (NYSE:HPQ) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 5.18% and a negative return on equity of 253.39%. As a group, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business also recently announced 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 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s payout ratio is 41.37%.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.