HP Inc. (NYSE:HPQ) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,602,873 shares of the computer maker’s stock after selling 144,760 shares during the quarter. Bahl & Gaynor Inc.’s holdings in HP were worth $84,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in HP by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker’s stock valued at $222,985,000 after buying an additional 90,606 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of HP by 1.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,281 shares of the computer maker’s stock valued at $923,000 after acquiring an additional 354 shares in the last quarter. Auxano Advisors LLC increased its stake in shares of HP by 3.7% during the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock worth $282,000 after acquiring an additional 310 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of HP during the fourth quarter worth about $1,902,000. Finally, Jones Financial Companies Lllp raised its holdings in HP by 43.9% during the fourth quarter. Jones Financial Companies Lllp now owns 103,672 shares of the computer maker’s stock worth $3,383,000 after purchasing an additional 31,634 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HPQ shares. HSBC lowered HP from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. JPMorgan Chase & Co. dropped 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. TD Cowen cut their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.59.

HP Trading Down 2.7 %

HP stock opened at $30.03 on Tuesday. The stock has a 50-day moving average price of $33.04 and a 200 day moving average price of $34.80. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The stock has a market cap of $28.32 billion, a PE ratio of 10.69, a P/E/G ratio of 2.96 and a beta of 1.05.

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

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 3.85%. HP’s dividend payout ratio is presently 41.37%.

Insider Activity

In other news, 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 transaction of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares in the company, valued at $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 is available at this hyperlink. Also, insider Alex Cho sold 40,287 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the completion of the transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,250,724.80. This represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 262,737 shares of company stock valued at $9,316,641 in the last ninety days. Company insiders own 0.41% of the company’s stock.

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.