HP Inc. (NYSE:HPQ) Shares Sold by Bank OZK

Bank OZK lessened its stake in shares of HP Inc. (NYSE:HPQ) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 6,629 shares of the computer maker’s stock after selling 329 shares during the period. Bank OZK’s holdings in HP were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HPQ. Ashton Thomas Securities LLC acquired a new position in shares of HP during the third quarter worth about $25,000. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP during the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of HP in the third quarter worth about $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In other news, insider Alex Cho sold 40,287 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 262,737 shares of company stock worth $9,316,641. 0.41% of the stock is currently owned by company insiders.

HP Stock Down 7.2 %

NYSE:HPQ opened at $30.75 on Friday. The business’s 50 day moving average is $33.11 and its two-hundred day moving average is $34.84. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The company has a market cap of $28.83 billion, a PE ratio of 10.94, a P/E/G ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s payout ratio is 40.93%.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent analyst reports. Citigroup cut their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their price target on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Sanford C. Bernstein boosted their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Morgan Stanley cut their price target on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.59.

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.