Keybank National Association OH Sells 2,720 Shares of HP Inc. (NYSE:HPQ)

Keybank National Association OH decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 156,888 shares of the computer maker’s stock after selling 2,720 shares during the period. Keybank National Association OH’s holdings in HP were worth $5,119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HPQ. Ashton Thomas Securities LLC bought a new stake in shares of HP during the 3rd quarter valued at $25,000. Synergy Asset Management LLC bought a new stake in shares of HP during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the 3rd quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the 3rd quarter valued at $44,000. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein boosted their price target 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. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. Wells Fargo & Company boosted their price target on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and an average target price of $36.14.

HP Price Performance

Shares of NYSE:HPQ opened at $29.60 on Thursday. The company’s 50-day moving average price is $32.88 and its two-hundred day moving average price is $34.72. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The stock has a market capitalization of $27.91 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $13.35 billion. On average, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company 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 of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.91%. HP’s payout ratio is 41.37%.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the 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 completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 262,737 shares of company stock valued at $9,316,641. 0.41% of the stock is owned by company insiders.

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.