American International Group Inc. Sells 12,744 Shares of HP Inc. (NYSE:HPQ)

American International Group Inc. reduced its stake in HP Inc. (NYSE:HPQGet Rating) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 578,316 shares of the computer maker’s stock after selling 12,744 shares during the period. American International Group Inc. owned 0.05% of HP worth $21,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Benjamin Edwards Inc. increased its stake in HP by 321.7% in the fourth quarter. Benjamin Edwards Inc. now owns 4,993 shares of the computer maker’s stock valued at $188,000 after purchasing an additional 3,809 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in HP by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 875,676 shares of the computer maker’s stock valued at $32,986,000 after purchasing an additional 23,070 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of HP during the fourth quarter valued at about $259,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of HP by 11.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 566,031 shares of the computer maker’s stock valued at $21,520,000 after buying an additional 58,281 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of HP by 39.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,457 shares of the computer maker’s stock valued at $1,223,000 after buying an additional 9,198 shares during the last quarter. 81.94% of the stock is owned by hedge funds and other institutional investors.

In other HP news, CFO Marie Myers sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $36.33, for a total value of $163,485.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bruce D. Broussard purchased 6,810 shares of the business’s stock in a transaction on Thursday, March 31st. The stock was purchased at an average cost of $36.67 per share, for a total transaction of $249,722.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 117,512 shares of company stock worth $4,207,909. 0.22% of the stock is owned by insiders.

Shares of NYSE:HPQ traded down $0.16 during trading on Monday, reaching $34.49. The company had a trading volume of 154,990 shares, compared to its average volume of 13,481,341. The company has a fifty day moving average of $37.36 and a two-hundred day moving average of $36.50. The stock has a market capitalization of $36.33 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 2.09 and a beta of 0.92. HP Inc. has a 12 month low of $26.11 and a 12 month high of $41.47.

HP (NYSE:HPQGet Rating) last issued its quarterly earnings results on Monday, February 28th. The computer maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. HP had a net margin of 10.05% and a negative return on equity of 164.36%. The firm had revenue of $17.03 billion for the quarter, compared to analyst estimates of $16.52 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts predict that HP Inc. will post 4.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, June 7th. HP’s dividend payout ratio is currently 17.86%.

HPQ has been the subject of a number of analyst reports. UBS Group cut shares of HP from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Friday, April 8th. StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Citigroup cut shares of HP from a “buy” rating to a “neutral” rating and cut their price target for the stock from $40.00 to $38.00 in a report on Monday. Barclays cut their price target on shares of HP from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Thursday, March 31st. Finally, Morgan Stanley cut shares of HP from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $34.00 to $31.00 in a report on Thursday, March 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.19.

About HP (Get Rating)

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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