Applied Finance Capital Management LLC Has $31.26 Million Stake in HP Inc. (NYSE:HPQ)

Applied Finance Capital Management LLC grew its stake in HP Inc. (NYSE:HPQFree Report) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,038,816 shares of the computer maker’s stock after acquiring an additional 118,173 shares during the quarter. HP accounts for 2.7% of Applied Finance Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Applied Finance Capital Management LLC’s holdings in HP were worth $31,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton increased its holdings in HP by 84.6% in 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 in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in HP during the fourth quarter valued at approximately $28,000. Janiczek Wealth Management LLC lifted its position in HP by 116.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after purchasing an additional 566 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in HP in the fourth quarter worth approximately $34,000. Finally, Salem Investment Counselors Inc. grew its position in HP by 47.9% in 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 period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction that occurred on 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 sale, 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. In the last 90 days, insiders have sold 116,723 shares of company stock valued at $3,479,287. 0.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research reports. 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 note on Wednesday, February 14th. StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Bank of America raised their price objective on shares of HP from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays upped their target price on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One equities 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, HP presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Read Our Latest Analysis on HP

HP Stock Performance

NYSE:HPQ traded up $0.12 during trading hours on Friday, reaching $31.19. The stock had a trading volume of 4,618,189 shares, compared to its average volume of 6,210,837. The stock has a market capitalization of $30.59 billion, a PE ratio of 9.12, a PEG ratio of 2.60 and a beta of 1.06. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90. The company has a 50 day moving average price of $29.32 and a two-hundred day moving average price of $29.15.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, June 12th. HP’s dividend payout ratio (DPR) is 32.16%.

HP Company Profile

(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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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