HP Inc. (NYSE:HPQ) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of HP Inc. (NYSE:HPQ) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,772 shares of the computer maker’s stock after selling 10,796 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in HP were worth $4,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Certified Advisory Corp acquired a new position in HP in the first quarter valued at $26,000. Rosenberg Matthew Hamilton increased its stake in HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the period. Mascoma Wealth Management LLC acquired a new position in HP in the third quarter valued at $25,000. VitalStone Financial LLC acquired a new position in HP in the first quarter valued at $38,000. Finally, Salem Investment Counselors Inc. increased its stake in HP by 47.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after purchasing an additional 380 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Performance

HPQ stock traded up $0.10 during trading on Friday, reaching $30.22. 5,954,070 shares of the company were exchanged, compared to its average volume of 10,070,602. The company has a market cap of $29.64 billion, a P/E ratio of 8.84, a PEG ratio of 2.53 and a beta of 1.04. HP Inc. has a 52-week low of $25.22 and a 52-week high of $33.90. The stock’s 50 day moving average price is $29.33 and its 200 day moving average price is $28.56.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, equities research analysts forecast that HP Inc. will post 3.41 EPS for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, March 12th. HP’s payout ratio is currently 32.16%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley raised shares of HP from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $31.00 to $35.00 in a report on Tuesday, December 12th. StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC raised shares of HP from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Evercore ISI raised shares of HP from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $33.00 to $40.00 in a report on Monday, December 11th. Finally, Barclays lifted their target price on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Insiders Place Their Bets

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares in the company, valued at $1,642,381.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the transaction, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,723 shares of company stock worth $4,609,787. Insiders own 0.41% of the company’s stock.

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.