Transform Wealth LLC decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 56.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,469 shares of the computer maker’s stock after selling 19,731 shares during the quarter. Transform Wealth LLC’s holdings in HP were worth $318,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in shares of HP during the 2nd quarter valued at approximately $285,000. Cubist Systematic Strategies LLC grew its position in HP by 8.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 58,596 shares of the computer maker’s stock worth $1,218,000 after acquiring an additional 4,736 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in HP by 3.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 320,272 shares of the computer maker’s stock worth $6,658,000 after acquiring an additional 10,142 shares during the last quarter. Eaton Vance Management increased its holdings in HP by 5.2% in the 2nd quarter. Eaton Vance Management now owns 195,969 shares of the computer maker’s stock worth $4,074,000 after purchasing an additional 9,628 shares in the last quarter. Finally, HM Payson & Co. increased its holdings in HP by 5.8% in the 2nd quarter. HM Payson & Co. now owns 13,623 shares of the computer maker’s stock worth $283,000 after purchasing an additional 745 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on HPQ. Argus lowered HP from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Goldman Sachs Group lowered shares of HP from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $18.00 to $14.00 in a report on Thursday, October 10th. Credit Suisse Group dropped their price objective on shares of HP from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Loop Capital downgraded shares of HP from a “buy” rating to a “hold” rating and cut their target price for the stock from $21.00 to $19.00 in a research report on Friday, October 4th. Finally, Bank of America reduced their target price on shares of HP from $17.00 to $16.00 and set an “underperform” rating on the stock in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. HP currently has a consensus rating of “Hold” and an average price target of $19.56.

HP stock opened at $21.98 on Friday. The stock’s 50 day moving average is $20.89 and its 200 day moving average is $19.51. HP Inc. has a one year low of $15.93 and a one year high of $24.09. The firm has a market cap of $32.12 billion, a P/E ratio of 10.67, a P/E/G ratio of 4.84 and a beta of 1.44.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 26th. The computer maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. HP had a net margin of 5.36% and a negative return on equity of 241.43%. The business had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.29 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts predict that HP Inc. will post 2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.1762 dividend. This is a positive change from HP’s previous quarterly dividend of $0.18. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, March 10th. HP’s dividend payout ratio is currently 31.25%.

In other news, insider Christoph Schell sold 60,121 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $20.17, for a total transaction of $1,212,640.57. Following the completion of the sale, the insider now directly owns 179,029 shares in the company, valued at $3,611,014.93. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

HP 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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