E Fund Management Co. Ltd. Buys 7,131 Shares of HP Inc. (NYSE:HPQ)

E Fund Management Co. Ltd. lifted its stake in shares of HP Inc. (NYSE:HPQ) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,878 shares of the computer maker’s stock after acquiring an additional 7,131 shares during the quarter. E Fund Management Co. Ltd.’s holdings in HP were worth $649,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. King Luther Capital Management Corp boosted its stake in shares of HP by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock worth $346,000 after acquiring an additional 303 shares in the last quarter. Arvest Investments Inc. boosted its stake in shares of HP by 0.9% during the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock worth $1,232,000 after acquiring an additional 310 shares in the last quarter. Auxano Advisors LLC boosted its stake in shares of HP by 3.7% during 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 in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of HP by 4.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,734 shares of the computer maker’s stock worth $277,000 after acquiring an additional 316 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of HP by 2.6% during the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock worth $420,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Barclays boosted 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. Citigroup cut their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. HSBC cut HP from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, JPMorgan Chase & Co. cut their price objective on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, HP has a consensus rating of “Hold” and a consensus price target of $36.14.

Insider Transactions at HP

In other news, insider Kristen M. Ludgate sold 74,356 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,933,898.67. This represents a 56.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 262,737 shares of company stock valued at $9,316,641. Corporate insiders own 0.38% of the company’s stock.

HP Stock Up 2.0 %

HP stock opened at $30.56 on Friday. The business has a 50 day moving average price of $32.76 and a two-hundred day moving average price of $34.65. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.79%. HP’s payout ratio is presently 41.37%.

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.