F&V Capital Management LLC Raises Stock Position in HP Inc. (NYSE:HPQ)

F&V Capital Management LLC increased its holdings in shares of HP Inc. (NYSE:HPQ) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,884 shares of the computer maker’s stock after purchasing an additional 4,545 shares during the period. HP makes up 2.8% of F&V Capital Management LLC’s holdings, making the stock its 19th biggest position. F&V Capital Management LLC’s holdings in HP were worth $10,731,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of HP during the third quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in HP in the 4th quarter worth about $26,000. Wolff Wiese Magana LLC raised its holdings in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of HP in the third quarter valued at approximately $37,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of HP in the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other HP 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 transaction of $353,427.36. Following the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by company insiders.

HP Stock Performance

Shares of HPQ stock opened at $32.02 on Tuesday. The company has a 50 day moving average price of $33.92 and a 200 day moving average price of $35.11. The stock has a market capitalization of $30.03 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week 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 for the quarter, meeting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.62%. HP’s payout ratio is 41.28%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. JPMorgan Chase & Co. lowered their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Sanford C. Bernstein increased their price objective on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. TD Cowen upped their price target on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup reduced their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.