Congress Wealth Management LLC DE Purchases 1,199 Shares of HP Inc. (NYSE:HPQ)

Congress Wealth Management LLC DE boosted its position in HP Inc. (NYSE:HPQ) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,770 shares of the computer maker’s stock after purchasing an additional 1,199 shares during the quarter. Congress Wealth Management LLC DE’s holdings in HP were worth $417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of HP in the 4th quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in HP in the fourth quarter worth about $31,000. OFI Invest Asset Management bought a new position in shares of HP during the fourth quarter valued at approximately $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP during the third quarter valued at approximately $40,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of HP in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Loop Capital lowered 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. TD Cowen cut their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Finally, Morgan Stanley reduced their price target 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus target price of $36.14.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,191 shares of company stock valued at $1,425,051. Insiders own 0.38% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $27.90 on Friday. The stock has a market capitalization of $26.30 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80. The business’s fifty day moving average price is $31.48 and its 200-day moving average price is $33.98.

HP (NYSE:HPQ) last posted 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 company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.15%. HP’s dividend payout ratio (DPR) is 41.37%.

HP 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.