Nisa Investment Advisors LLC boosted its position in shares of HP Inc. (NYSE:HPQ – Free Report) by 15.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,051 shares of the computer maker’s stock after acquiring an additional 69,439 shares during the period. Nisa Investment Advisors LLC’s holdings in HP were worth $14,036,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in HP by 6.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 32,019 shares of the computer maker’s stock valued at $887,000 after buying an additional 1,916 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of HP during the first quarter worth about $427,000. Plato Investment Management Ltd increased its holdings in shares of HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock valued at $869,000 after acquiring an additional 363 shares in the last quarter. Focus Partners Wealth raised its position in shares of HP by 3.4% in the 1st quarter. Focus Partners Wealth now owns 161,872 shares of the computer maker’s stock valued at $4,502,000 after purchasing an additional 5,358 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its position in shares of HP by 12.3% in the 1st quarter. Jacobi Capital Management LLC now owns 52,890 shares of the computer maker’s stock valued at $1,465,000 after purchasing an additional 5,788 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.
HP Price Performance
NYSE HPQ opened at $21.44 on Friday. HP Inc. has a 1 year low of $20.65 and a 1 year high of $35.28. The company has a market capitalization of $19.68 billion, a PE ratio of 8.09, a P/E/G ratio of 4.01 and a beta of 1.21. The company has a fifty day moving average of $24.02 and a 200 day moving average of $25.79.
HP Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. HP’s dividend payout ratio is presently 45.28%.
Insiders Place Their Bets
In related news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares in the company, valued at $801,724.68. The trade was a 49.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the sale, the insider directly owned 169 shares in the company, valued at $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 110,123 shares of company stock worth $2,784,126. Corporate insiders own 0.38% of the company’s stock.
Wall Street Analysts Forecast Growth
HPQ has been the topic of several research analyst reports. HSBC set a $30.00 target price on shares of HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Barclays dropped their price objective on shares of HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Zacks Research cut HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, TD Cowen cut their price objective on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.69.
HP Profile
HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.
Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.
Further Reading
- Five stocks we like better than HP
- Why Trump and Musk suddenly care about Fort Knox
- Do not delete, read immediately
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A Message From An Ex-CIA Officer About Trump
- Buy AES Immediately
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ – Free Report).
Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.
