Valeo Financial Advisors LLC Makes New $284,000 Investment in HP Inc. (NYSE:HPQ)

Valeo Financial Advisors LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,454 shares of the computer maker’s stock, valued at approximately $284,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Whittier Trust Co. increased its stake in shares of HP by 1.4% in the 4th quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock valued at $778,000 after buying an additional 362 shares during the period. Horizon Investments LLC increased its position in HP by 3.3% in the second 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 period. Salem Investment Counselors Inc. raised its holdings in HP by 47.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after purchasing an additional 380 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in HP by 18.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock valued at $73,000 after purchasing an additional 382 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after buying an additional 397 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the firm’s 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 transaction, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert R. Bennett sold 67,000 shares of the stock in a transaction dated 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 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 available at this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,723 shares of company stock worth $3,479,287. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC upgraded HP from a “hold” rating to a “buy” rating and raised their price target for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. Finally, Barclays upped their price objective on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.11.

HP Trading Down 2.0 %

NYSE:HPQ opened at $27.96 on Tuesday. The stock has a market cap of $27.42 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 2.39 and a beta of 1.05. The stock has a 50-day moving average price of $29.38 and a two-hundred day moving average price of $28.77. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Tuesday, March 12th. HP’s dividend payout ratio is presently 32.16%.

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.