Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in HP Inc. (NYSE:HPQ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of HP Inc. (NYSE:HPQFree Report) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,455 shares of the computer maker’s stock after acquiring an additional 23,264 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HP were worth $4,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. King Luther Capital Management Corp grew its position in HP by 3.2% in the 2nd quarter. King Luther Capital Management Corp now owns 11,927 shares of the computer maker’s stock worth $366,000 after purchasing an additional 368 shares during the last quarter. Horizon Investments LLC grew its position in HP by 3.3% in the 2nd quarter. Horizon Investments LLC now owns 12,002 shares of the computer maker’s stock worth $369,000 after purchasing an additional 379 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in HP by 0.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 80,573 shares of the computer maker’s stock worth $2,474,000 after purchasing an additional 398 shares during the last quarter. Lindbrook Capital LLC grew its position in HP by 5.9% in the 2nd quarter. Lindbrook Capital LLC now owns 7,194 shares of the computer maker’s stock worth $221,000 after purchasing an additional 399 shares during the last quarter. Finally, KCM Investment Advisors LLC grew its position in HP by 4.4% in the 1st quarter. KCM Investment Advisors LLC now owns 9,551 shares of the computer maker’s stock worth $347,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 38,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.75, for a total value of $1,130,500.00. Following the sale, the chief executive officer now directly owns 888,911 shares in the company, valued at approximately $26,445,102.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Enrique Lores sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.75, for a total transaction of $1,130,500.00. Following the completion of the transaction, the chief executive officer now directly owns 888,911 shares of the company’s stock, valued at approximately $26,445,102.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex Cho sold 45,758 shares of HP stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.24, for a total transaction of $1,337,963.92. Following the transaction, the insider now directly owns 22,003 shares of the company’s stock, valued at $643,367.72. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HPQ. Evercore ISI upgraded shares of HP from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $40.00 in a report on Monday, December 11th. Edward Jones upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. StockNews.com upgraded shares of HP from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 19th. Citigroup upgraded shares of HP from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $33.00 in a research report on Monday, November 13th. Finally, Morgan Stanley upgraded shares of HP from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HP has an average rating of “Moderate Buy” and an average target price of $32.22.

Get Our Latest Stock Analysis on HPQ

HP Stock Up 0.5 %

Shares of HPQ opened at $28.42 on Monday. The company’s fifty day moving average is $29.59 and its 200-day moving average is $28.99. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90. The firm has a market cap of $28.16 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.04.

HP (NYSE:HPQGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. HP had a net margin of 6.13% and a negative return on equity of 138.83%. The company had revenue of $13.82 billion for the quarter, compared to analyst estimates of $13.79 billion. During the same quarter in the prior year, the business posted $0.85 EPS. HP’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, research analysts predict that HP Inc. will post 3.45 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be paid a $0.2756 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a yield of 3.88%. HP’s payout ratio is presently 33.43%.

About HP

(Free Report)

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.

See Also

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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