Flputnam Investment Management Co. Has $2.22 Million Holdings in HP Inc. (NYSE:HPQ)

Flputnam Investment Management Co. grew its stake in HP Inc. (NYSE:HPQ) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,989 shares of the computer maker’s stock after buying an additional 19,546 shares during the period. Flputnam Investment Management Co.’s holdings in HP were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of HP during the 3rd quarter valued at $25,000. Synergy Asset Management LLC purchased a new position in shares of HP during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in HP in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in HP in the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 7.2 %

HPQ opened at $30.75 on Friday. The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The stock has a fifty day moving average price of $33.11 and a 200-day moving average price of $34.84.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. On average, equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is currently 40.93%.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was 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 $3,253,964.40. This represents a 60.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 262,737 shares of company stock valued at $9,316,641. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HPQ has been the subject of several recent research reports. Barclays boosted their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. TD Cowen reduced their price target on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday. Sanford C. Bernstein upped their price objective on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley lowered their target price on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.59.

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.