Mn Services Vermogensbeheer B.V. Grows Stock Holdings in HP Inc. (NYSE:HPQ)

Mn Services Vermogensbeheer B.V. boosted its holdings in HP Inc. (NYSE:HPQ) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 367,100 shares of the computer maker’s stock after acquiring an additional 6,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in HP were worth $11,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HPQ. Ashton Thomas Securities LLC purchased a new position in HP in the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC bought a new stake in HP in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in HP during the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP during the third quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $44,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HP

In related news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction dated 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 transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 262,737 shares of company stock valued at $9,316,641 in the last three months. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HPQ shares. Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Sanford C. Bernstein increased their target price on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday. Morgan Stanley cut their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.59.

HP Trading Down 7.2 %

NYSE:HPQ opened at $30.75 on Friday. The company has a 50-day moving average price of $33.11 and a 200-day moving average price of $34.84. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The stock has a market cap of $28.83 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. Equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal 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 3.77%. HP’s dividend payout ratio (DPR) is currently 40.93%.

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.