Compass Wealth Management LLC Sells 5,350 Shares of HP Inc. (NYSE:HPQ)

Compass Wealth Management LLC trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 81.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,200 shares of the computer maker’s stock after selling 5,350 shares during the quarter. Compass Wealth Management LLC’s holdings in HP were worth $39,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HPQ. Fifth Third Bancorp increased its holdings in shares of HP by 3.0% during the fourth quarter. Fifth Third Bancorp now owns 36,035 shares of the computer maker’s stock worth $1,176,000 after purchasing an additional 1,035 shares during the period. CX Institutional grew its position in HP by 5.0% during the fourth quarter. CX Institutional now owns 12,151 shares of the computer maker’s stock worth $396,000 after buying an additional 575 shares in the last quarter. Impact Partnership Wealth LLC increased its stake in HP by 9.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 33,499 shares of the computer maker’s stock worth $1,093,000 after acquiring an additional 2,933 shares during the period. Montecito Bank & Trust raised its holdings in HP by 3.1% in the 4th quarter. Montecito Bank & Trust now owns 27,997 shares of the computer maker’s stock valued at $914,000 after acquiring an additional 853 shares in the last quarter. Finally, Donoghue Forlines LLC bought a new stake in shares of HP during the 4th quarter valued at $1,475,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPQ. HSBC cut HP from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Sanford C. Bernstein increased 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. Barclays boosted their price objective on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen raised their target price on HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.23.

HP Stock Down 2.0 %

NYSE HPQ opened at $32.73 on Friday. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The business’s fifty day moving average is $34.38 and its 200 day moving average is $35.27.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a $0.2894 dividend. This is a boost from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.54%. The ex-dividend date was Wednesday, December 11th. HP’s dividend payout ratio is 41.28%.

Insider Activity

In other HP news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were 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 directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,035 shares of company stock valued at $9,670,068. 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.