HP Inc. (NYSE:HPQ) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in HP Inc. (NYSE:HPQ) by 6.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,722,500 shares of the computer maker’s stock after selling 182,000 shares during the period. Swiss National Bank’s holdings in HP were worth $88,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp grew its position in HP by 8.2% in the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock valued at $1,871,046,000 after buying an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HP by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock worth $885,877,000 after acquiring an additional 2,477,977 shares during the period. KBC Group NV boosted its holdings in shares of HP by 145.1% in the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock valued at $116,031,000 after acquiring an additional 2,105,104 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of HP during the fourth quarter worth about $65,260,000. Finally, Pacer Advisors Inc. raised its holdings in HP by 11.4% during the third quarter. Pacer Advisors Inc. now owns 14,184,306 shares of the computer maker’s stock worth $508,791,000 after purchasing an additional 1,455,138 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPQ shares. JPMorgan Chase & Co. lowered their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Citigroup dropped their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.00 in a report on Friday, November 29th. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, TD Cowen reduced their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.14.

HP Trading Up 1.8 %

Shares of HPQ opened at $28.43 on Friday. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80. The stock has a market cap of $26.80 billion, a P/E ratio of 10.12, a PEG ratio of 2.96 and a beta of 1.09. The company has a 50-day moving average of $32.36 and a two-hundred day moving average of $34.42.

HP (NYSE:HPQ) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm 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%. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is presently 41.37%.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.38% of the stock is owned by 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.