Geneos Wealth Management Inc. Sells 700 Shares of HP Inc. (NYSE:HPQ)

Geneos Wealth Management Inc. decreased its holdings in HP Inc. (NYSE:HPQ) by 23.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,280 shares of the computer maker’s stock after selling 700 shares during the period. Geneos Wealth Management Inc.’s holdings in HP were worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Mascoma Wealth Management LLC acquired a new position in shares of HP in the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its position in shares of HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the last quarter. Certified Advisory Corp acquired a new position in shares of HP in the first quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of HP in the fourth quarter valued at approximately $28,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of HP in the third quarter valued at approximately $32,000. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock valued at $3,479,287 in the last three months. Insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $27.79 on Wednesday. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 2.39 and a beta of 1.05. The stock has a fifty day moving average of $29.37 and a 200-day moving average of $28.78.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same period in the prior year, the company earned $0.75 EPS. HP’s revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that HP Inc. will post 3.42 EPS for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.2756 per share. This represents a $1.10 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio is currently 32.16%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. HSBC raised HP from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research report on Wednesday, February 14th. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Barclays increased their price target on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.