Personal CFO Solutions LLC Invests $745,000 in HP Inc. (NYSE:HPQ)

Personal CFO Solutions LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,844 shares of the computer maker’s stock, valued at approximately $745,000.

Several other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in HP during the third quarter valued at approximately $25,000. Synergy Asset Management LLC bought a new stake in shares of HP during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new position in HP in the 3rd quarter worth $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HP in the 3rd quarter worth $44,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alex Cho sold 40,287 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,643 shares of company stock valued at $4,319,565 in the last three months. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on HPQ shares. HSBC downgraded HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. TD Cowen decreased their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Citigroup cut their target price on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Finally, Morgan Stanley lowered their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, HP has a consensus rating of “Hold” and an average target price of $36.14.

HP Trading Up 2.0 %

Shares of NYSE HPQ opened at $30.56 on Monday. The stock has a fifty day simple moving average of $32.76 and a 200-day simple moving average of $34.65. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The stock has a market capitalization of $28.80 billion, a PE ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. On average, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company 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. This represents a $1.16 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is currently 41.37%.

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.