HP Inc. (NYSE:HPQ) Stock Holdings Reduced by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in HP Inc. (NYSE:HPQ) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,435 shares of the computer maker’s stock after selling 4,410 shares during the quarter. Maryland State Retirement & Pension System’s holdings in HP were worth $1,678,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup reduced their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Barclays boosted their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Loop Capital reduced their price target on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their price objective on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, StockNews.com raised HP from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, HP has an average rating of “Hold” and an average price target of $36.14.

Insider Buying and Selling

In related 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 transaction of $357,500.00. Following the sale, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by corporate insiders.

HP Trading Up 0.4 %

HPQ stock opened at $28.63 on Friday. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80. The firm has a market cap of $26.98 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.96 and a beta of 1.09. The business’s 50 day moving average is $31.88 and its 200-day moving average is $34.18.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.04%. HP’s dividend payout ratio (DPR) 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.