HP Inc. (NYSE:HPQ) Shares Sold by Aviva PLC

Aviva PLC trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 615,112 shares of the computer maker’s stock after selling 88,987 shares during the quarter. Aviva PLC’s holdings in HP were worth $20,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TIAA Trust National Association lifted its holdings in shares of HP by 1.8% during the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker’s stock worth $548,000 after purchasing an additional 302 shares during the period. HBK Sorce Advisory LLC raised its position in HP by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker’s stock worth $374,000 after buying an additional 306 shares during the last quarter. Auxano Advisors LLC lifted its stake 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 acquiring an additional 310 shares during the period. Wedmont Private Capital boosted its holdings in shares of HP by 2.6% in the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock valued at $420,000 after acquiring an additional 316 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in shares of HP by 2.7% during the fourth quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker’s stock worth $400,000 after acquiring an additional 319 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now directly owns 169 shares of the company’s stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

HP Trading Up 3.1 %

Shares of NYSE HPQ opened at $23.32 on Tuesday. The company’s 50-day moving average price is $30.58 and its 200 day moving average price is $33.62. HP Inc. has a 52 week low of $21.59 and a 52 week high of $39.80. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.96 and a beta of 1.09.

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

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.97%. HP’s dividend payout ratio is currently 41.37%.

Analyst Ratings Changes

HPQ has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Barclays increased their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Sanford C. Bernstein raised their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, HP presently has an average rating of “Hold” and an average target price of $36.14.

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.