HP Inc. (NYSE:HPQ) Shares Acquired by NewSquare Capital LLC

NewSquare Capital LLC lifted its stake in shares of HP Inc. (NYSE:HPQ) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,622 shares of the computer maker’s stock after acquiring an additional 3,450 shares during the period. NewSquare Capital LLC’s holdings in HP were worth $5,023,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of HP by 12.3% during the third quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after acquiring an additional 12,883,347 shares during the last quarter. Northern Trust Corp boosted its stake in HP by 6.2% in the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after buying an additional 589,775 shares during the last quarter. Pacer Advisors Inc. boosted its stake in HP by 4,180.9% in the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after buying an additional 9,294,209 shares during the last quarter. Invesco Ltd. boosted its stake in HP by 13.8% in the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock worth $211,257,000 after buying an additional 995,132 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in HP by 145.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock worth $156,535,000 after buying an additional 3,613,742 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 0.1 %

HPQ stock traded down $0.02 during midday trading on Tuesday, hitting $27.68. 6,115,483 shares of the company’s stock were exchanged, compared to its average volume of 7,964,501. HP Inc. has a 12-month low of $25.22 and a 12-month high of $33.90. The firm has a 50 day moving average price of $29.32 and a 200-day moving average price of $28.83. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. On average, sell-side analysts forecast that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.2756 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a yield of 3.98%. HP’s dividend payout ratio is currently 32.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HPQ shares. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC upgraded HP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, Barclays raised their price objective on HP from $22.00 to $24.00 and gave the stock 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Insider Activity at HP

In related news, insider Stephanie Liebman sold 8,708 shares of the business’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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other HP news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the transaction, the director now owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock worth $3,479,287 in the last 90 days. 0.41% of the stock is currently owned by company insiders.

HP 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.