Amalgamated Bank lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,248 shares of the computer maker’s stock after selling 7,559 shares during the period. Amalgamated Bank’s holdings in HP were worth $5,263,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HPQ. CSat Investment Advisory L.P. acquired a new position in HP during the 2nd quarter valued at about $113,000. Capital Advisors Ltd. LLC boosted its stake in HP by 6,530.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 7,095 shares of the computer maker’s stock valued at $183,000 after purchasing an additional 6,988 shares during the period. United Capital Management of KS Inc. acquired a new position in HP during the 3rd quarter valued at about $201,000. Segall Bryant & Hamill LLC acquired a new position in HP during the 2nd quarter valued at about $203,000. Finally, Truvestments Capital LLC acquired a new position in HP during the 2nd quarter valued at about $204,000. 78.94% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HPQ opened at $22.93 on Monday. The company has a market capitalization of $36.28 billion, a PE ratio of 11.35, a P/E/G ratio of 2.22 and a beta of 1.45. HP Inc. has a twelve month low of $19.31 and a twelve month high of $27.08.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, November 29th. The computer maker reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $15.37 billion during the quarter, compared to analyst estimates of $15.13 billion. HP had a net margin of 9.11% and a negative return on equity of 188.62%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. Research analysts anticipate that HP Inc. will post 2.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 13th will be paid a $0.1602 dividend. This is a positive change from HP’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, December 12th. HP’s dividend payout ratio is currently 27.72%.

In related news, insider Alex Cho sold 3,879 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $23.68, for a total value of $91,854.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Catherine A. Lesjak sold 693,594 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $25.78, for a total transaction of $17,880,853.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 829,934 shares of company stock valued at $21,227,333. Company insiders own 0.25% of the company’s stock.

HPQ has been the subject of a number of analyst reports. Maxim Group boosted their target price on shares of HP from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Argus reissued a “buy” rating on shares of HP in a research note on Monday, October 8th. Morgan Stanley boosted their target price on shares of HP from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 24th. Zacks Investment Research lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Wells Fargo & Co boosted their target price on shares of HP from $21.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, August 24th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. HP presently has an average rating of “Hold” and an average target price of $27.25.

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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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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