Livforsakringsbolaget Skandia Omsesidigt Sells 46,100 Shares of HP Inc. (NYSE:HPQ)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in HP Inc. (NYSE:HPQ) by 31.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,051 shares of the computer maker’s stock after selling 46,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in HP were worth $3,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Certified Advisory Corp acquired a new stake in shares of HP in the first quarter valued at approximately $26,000. VitalStone Financial LLC acquired a new stake in shares of HP in the 1st quarter valued at $38,000. GHP Investment Advisors Inc. bought a new stake in shares of HP during the first quarter worth $29,000. HHM Wealth Advisors LLC lifted its stake in shares of HP by 560.8% during the first quarter. HHM Wealth Advisors LLC now owns 1,249 shares of the computer maker’s stock valued at $37,000 after acquiring an additional 1,060 shares during the period. Finally, Sandy Spring Bank boosted its holdings in HP by 56.3% in the fourth quarter. Sandy Spring Bank now owns 1,255 shares of the computer maker’s stock valued at $34,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

HP Stock Down 2.3 %

HPQ traded down $0.65 during trading on Thursday, hitting $27.68. The company had a trading volume of 5,507,026 shares, compared to its average volume of 6,668,263. The firm’s 50-day moving average price is $31.64 and its 200 day moving average price is $30.31. The company has a market capitalization of $27.29 billion, a PE ratio of 11.81, a PEG ratio of 2.22 and a beta of 1.02. HP Inc. has a one year low of $24.08 and a one year high of $33.90.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, August 29th. The computer maker reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.38 billion. HP had a negative return on equity of 114.62% and a net margin of 4.23%. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. Sell-side analysts forecast that HP Inc. will post 3.31 earnings per share for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.2625 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 3.79%. HP’s dividend payout ratio (DPR) is presently 45.26%.

Insider Transactions at HP

In other HP news, CFO Marie Myers sold 4,165 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $30.70, for a total transaction of $127,865.50. Following the sale, the chief financial officer now directly owns 30,611 shares of the company’s stock, valued at approximately $939,757.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other HP news, major shareholder Berkshire Hathaway Inc sold 2,893,236 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $28.39, for a total transaction of $82,138,970.04. Following the transaction, the insider now owns 115,450,646 shares of the company’s stock, valued at $3,277,643,839.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Marie Myers sold 4,165 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $30.70, for a total value of $127,865.50. Following the completion of the sale, the chief financial officer now directly owns 30,611 shares of the company’s stock, valued at $939,757.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,030,824 shares of company stock valued at $116,034,788 over the last 90 days. 0.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HPQ has been the subject of several recent research reports. Citigroup dropped their price objective on HP from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HP from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, August 30th. Bank of America dropped their target price on shares of HP from $27.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, August 30th. UBS Group raised their price target on HP from $30.00 to $31.00 in a research report on Wednesday, May 31st. Finally, StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, HP currently has a consensus rating of “Hold” and a consensus target price of $29.73.

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.