HP Inc. (NYSE:HPQ) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. reduced its stake in shares of HP Inc. (NYSE:HPQ) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,756 shares of the computer maker’s stock after selling 2,124 shares during the period. Meeder Advisory Services Inc.’s holdings in HP were worth $354,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HPQ. California Public Employees Retirement System increased its holdings in shares of HP by 3.9% in the third quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock valued at $76,229,000 after purchasing an additional 112,427 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in HP by 23.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock valued at $545,000 after purchasing an additional 4,054 shares during the period. Wealthfront Advisers LLC grew its position in HP by 8.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock worth $1,608,000 after purchasing an additional 5,064 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in shares of HP during the 4th quarter valued at about $1,758,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of HP by 87.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock valued at $22,960,000 after buying an additional 358,231 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the transaction, the director now directly owns 60,216 shares in the company, valued at approximately $1,807,082.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The disclosure for this sale can be found here. Insiders have sold 116,723 shares of company stock worth $3,479,287 over the last quarter. 0.41% of the stock is currently owned by company insiders.

HP Stock Up 2.3 %

NYSE HPQ opened at $29.97 on Wednesday. The business’s fifty day simple moving average is $29.38 and its 200-day simple moving average is $28.69. The firm has a market cap of $29.39 billion, a PE ratio of 8.76, a P/E/G ratio of 2.45 and a beta of 1.05. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The company had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. HP’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. Research analysts expect that HP Inc. will post 3.42 EPS for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.2756 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 3.68%. HP’s dividend payout ratio (DPR) is 32.16%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HPQ. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Morgan Stanley raised shares of HP from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $35.00 in a research note on Tuesday, December 12th. HSBC upgraded HP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays increased their price objective on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.11.

HP 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.