Transamerica Financial Advisors Inc. Has $664,000 Stock Position in HP Inc. (NYSE:HPQ)

Transamerica Financial Advisors Inc. decreased its position in shares of HP Inc. (NYSE:HPQ) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,494 shares of the computer maker’s stock after selling 2,104 shares during the period. Transamerica Financial Advisors Inc.’s holdings in HP were worth $664,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in HP during the third quarter valued at about $25,000. Triad Wealth Partners LLC bought a new position in HP during the second quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in HP during the second quarter valued at about $34,000. Wolff Wiese Magana LLC raised its holdings in HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after buying an additional 518 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in HP during the third quarter valued at about $37,000. 77.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on HP from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Loop Capital dropped their price objective on HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Barclays dropped their price objective on HP from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. UBS Group lifted their price objective on HP from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. dropped their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.45.

HP Trading Down 0.6 %

NYSE HPQ opened at $39.08 on Wednesday. The stock’s 50 day moving average is $36.56 and its two-hundred day moving average is $35.53. The company has a market capitalization of $37.66 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.70 and a beta of 1.07. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 266.37% and a net margin of 5.33%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. On average, analysts predict that HP Inc. will post 3.39 earnings per share for the current year.

HP declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 28th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the computer maker to repurchase up to 28.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $33.16, for a total value of $7,013,373.16. Following the transaction, the chief executive officer now directly owns 3 shares of the company’s stock, valued at $99.48. The trade was a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

About HP

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.