Cantor Fitzgerald Investment Advisors L.P. Purchases 4,375 Shares of HP Inc. (NYSE:HPQ)

Cantor Fitzgerald Investment Advisors L.P. grew its position in HP Inc. (NYSE:HPQ) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 617,584 shares of the computer maker’s stock after acquiring an additional 4,375 shares during the quarter. HP accounts for 1.4% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 18th biggest holding. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.07% of HP worth $20,152,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of HP during the 3rd quarter valued at about $25,000. Synergy Asset Management LLC purchased a new stake in HP during the fourth quarter valued at approximately $26,000. Wolff Wiese Magana LLC lifted its stake in shares of HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after purchasing an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of HP in the 3rd quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of HP during the 3rd quarter valued at approximately $40,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Price Performance

HP stock opened at $32.26 on Friday. The stock has a market capitalization of $30.25 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.77 and a beta of 1.05. The business has a fifty day moving average price of $33.55 and a 200-day moving average price of $35.00. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.59%. HP’s payout ratio is currently 41.28%.

Insider Buying and Selling at HP

In related news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on HPQ. TD Cowen raised their price target on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Citigroup reduced their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.00 in a research report on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, HP currently has a consensus rating of “Hold” and a consensus target price of $36.23.

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.