Smartleaf Asset Management LLC Acquires 759 Shares of HP Inc. (NYSE:HPQ)

Smartleaf Asset Management LLC increased its holdings in shares of HP Inc. (NYSE:HPQ) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,412 shares of the computer maker’s stock after purchasing an additional 759 shares during the period. Smartleaf Asset Management LLC’s holdings in HP were worth $307,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HPQ. Farther Finance Advisors LLC boosted its position in HP by 8.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 21,859 shares of the computer maker’s stock valued at $784,000 after acquiring an additional 1,621 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in HP by 21.4% during the third quarter. Janney Montgomery Scott LLC now owns 213,558 shares of the computer maker’s stock valued at $7,660,000 after purchasing an additional 37,669 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in HP by 15.2% during the third quarter. Harbor Capital Advisors Inc. now owns 13,052 shares of the computer maker’s stock valued at $468,000 after purchasing an additional 1,724 shares in the last quarter. Van ECK Associates Corp grew its stake in HP by 6.0% in the third quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker’s stock valued at $1,346,000 after purchasing an additional 2,139 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in HP by 3.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,382,919 shares of the computer maker’s stock worth $85,475,000 after purchasing an additional 74,396 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

HP stock opened at $29.28 on Wednesday. The business’s 50-day simple moving average is $32.96 and its two-hundred day simple moving average is $34.75. The company has a market cap of $27.61 billion, a PE ratio of 10.42, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. As a group, analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

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 issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 3.95%. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insider Activity at HP

In related news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The stock was 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 in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 262,737 shares of company stock worth $9,316,641 over the last three months. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. 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. Wells Fargo & Company increased their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. HSBC cut HP from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, TD Cowen reduced their target price on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.14.

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.