Angeles Wealth Management LLC Has $335,000 Holdings in HP Inc. (NYSE:HPQ)

Angeles Wealth Management LLC grew its position in shares of HP Inc. (NYSE:HPQ) by 54.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,268 shares of the computer maker’s stock after purchasing an additional 3,637 shares during the quarter. Angeles Wealth Management LLC’s holdings in HP were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPQ. Atomi Financial Group Inc. lifted its holdings in HP by 6.0% in the third quarter. Atomi Financial Group Inc. now owns 7,013 shares of the computer maker’s stock valued at $252,000 after buying an additional 400 shares during the period. CWM LLC raised its position in shares of HP by 9.4% in the 3rd quarter. CWM LLC now owns 41,014 shares of the computer maker’s stock worth $1,471,000 after acquiring an additional 3,513 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of HP by 389.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,944 shares of the computer maker’s stock valued at $465,000 after purchasing an additional 10,300 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of HP by 952.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,858 shares of the computer maker’s stock valued at $461,000 after purchasing an additional 11,636 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in HP by 674.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,465 shares of the computer maker’s stock worth $268,000 after purchasing an additional 6,501 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $32.83 on Tuesday. The firm has a market capitalization of $30.79 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.78 and a beta of 1.05. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The stock has a 50 day moving average price of $33.49 and a two-hundred day moving average price of $34.92.

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

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 3.53%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.28%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HPQ shares. Citigroup dropped their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Barclays increased their target price on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein lifted their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. reduced their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.23.

About HP

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.