HP Inc. (NYSE:HPQ) Stock Holdings Lifted by Addison Advisors LLC

Addison Advisors LLC raised its stake in HP Inc. (NYSE:HPQ) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,751 shares of the computer maker’s stock after buying an additional 1,078 shares during the period. Addison Advisors LLC’s holdings in HP were worth $203,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HPQ. Vanguard Group Inc. grew its position in HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after purchasing an additional 12,883,347 shares in the last quarter. Northern Trust Corp grew its position in HP by 6.2% during the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after purchasing an additional 589,775 shares in the last quarter. Pacer Advisors Inc. grew its position in HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after purchasing an additional 9,294,209 shares in the last quarter. Invesco Ltd. grew its position in HP by 13.8% during the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock worth $211,257,000 after purchasing an additional 995,132 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in HP by 145.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock worth $156,535,000 after purchasing an additional 3,613,742 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.5 %

HP stock traded down $0.13 during mid-day trading on Friday, hitting $28.00. 5,356,232 shares of the company’s stock were exchanged, compared to its average volume of 6,076,379. The stock has a market cap of $27.46 billion, a P/E ratio of 8.19, a P/E/G ratio of 2.35 and a beta of 1.05. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90. The stock has a 50 day moving average of $29.27 and a two-hundred day moving average of $28.85.

HP (NYSE:HPQ) last posted 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 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 business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, research analysts predict that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio (DPR) is 32.16%.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert R. Bennett sold 67,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, 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 over the last ninety days. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Finally, HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.11.

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.