HP Inc. (NYSE:HPQ) Position Lowered by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC reduced its position in HP Inc. (NYSE:HPQ) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,620 shares of the computer maker’s stock after selling 958 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in HP were worth $1,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of HP in the 3rd quarter valued at approximately $25,000. Synergy Asset Management LLC bought a new stake in HP during the fourth quarter valued at $26,000. Wolff Wiese Magana LLC raised its holdings in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the period. ORG Wealth Partners LLC bought a new position in shares of HP in the 3rd quarter worth about $37,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of HP in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 1.7 %

Shares of NYSE:HPQ opened at $32.55 on Thursday. The company has a 50 day moving average of $33.64 and a 200-day moving average of $35.04. The firm has a market cap of $30.53 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.77 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. HP’s dividend payout ratio (DPR) is 40.93%.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of recent research reports. TD Cowen raised their target price on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. HSBC downgraded HP from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Barclays upped their price objective on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein boosted their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.23.

Insider Buying and Selling

In related news, insider Kristen M. Ludgate sold 74,356 shares of HP stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares in the company, valued at $1,933,898.67. The trade was a 56.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,035 shares of company stock worth $9,670,068 in the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

HP Company 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.