Nationwide Fund Advisors decreased its holdings in HP Inc. (NYSE:HPQ) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,438,289 shares of the computer maker’s stock after selling 4,552 shares during the period. Nationwide Fund Advisors owned about 0.09% of HP worth $28,708,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HPQ. CAPROCK Group Inc. boosted its stake in shares of HP by 104.5% in the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock worth $871,000 after buying an additional 22,150 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of HP in the 2nd quarter worth $19,380,000. Motco boosted its stake in shares of HP by 929.3% in the 2nd quarter. Motco now owns 10,633 shares of the computer maker’s stock worth $186,000 after buying an additional 9,600 shares during the last quarter. BT Investment Management Ltd purchased a new position in shares of HP in the 2nd quarter worth $18,367,000. Finally, Gotham Asset Management LLC boosted its stake in shares of HP by 15.3% in the 2nd quarter. Gotham Asset Management LLC now owns 2,175,080 shares of the computer maker’s stock worth $38,020,000 after buying an additional 288,912 shares during the last quarter. 80.51% of the stock is owned by institutional investors and hedge funds.

In other HP news, insider Enrique Lores sold 40,965 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $21.50, for a total transaction of $880,747.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tracy S. Keogh sold 265,600 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.90, for a total value of $5,285,440.00. Following the sale, the insider now directly owns 165,952 shares in the company, valued at $3,302,444.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,853,937 shares of company stock worth $37,905,548. Insiders own 0.62% of the company’s stock.

HP Inc. (NYSE:HPQ) opened at $21.24 on Friday. The firm has a market capitalization of $35,480.00, a price-to-earnings ratio of 12.87, a P/E/G ratio of 3.12 and a beta of 1.84. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. HP Inc. has a 52-week low of $14.40 and a 52-week high of $22.68.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. equities analysts anticipate that HP Inc. will post 1.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 2.62%. HP’s dividend payout ratio (DPR) is currently 35.81%.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded HP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. BMO Capital Markets raised their price target on HP to $23.00 and gave the stock a “positive” rating in a research note on Wednesday. Loop Capital restated a “buy” rating and issued a $25.00 price target on shares of HP in a research note on Wednesday. Deutsche Bank AG restated a “buy” rating and issued a $25.00 price target on shares of HP in a research note on Wednesday. Finally, Morgan Stanley restated a “hold” rating and issued a $14.00 price target on shares of HP in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. HP currently has an average rating of “Buy” and a consensus price target of $21.31.

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HP Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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