Xponance Inc. Sells 3,115 Shares of HP Inc. (NYSE:HPQ)

Xponance Inc. lowered its holdings in shares of HP Inc. (NYSE:HPQ) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 211,910 shares of the computer maker’s stock after selling 3,115 shares during the period. Xponance Inc.’s holdings in HP were worth $6,376,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after acquiring an additional 12,883,347 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of HP by 114,461.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker’s stock worth $310,043,000 after purchasing an additional 11,528,558 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of HP by 4,180.9% in the fourth quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after buying an additional 9,294,209 shares during the period. Norges Bank bought a new stake in HP during the 4th quarter valued at $151,025,000. Finally, Qube Research & Technologies Ltd boosted its position in HP by 145.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock valued at $156,535,000 after buying an additional 3,613,742 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of several recent analyst reports. Barclays upped their price objective on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. HSBC upgraded HP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Insider Transactions at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,723 shares of company stock worth $3,479,287. Corporate insiders own 0.41% of the company’s stock.

HP Stock Up 0.7 %

Shares of HPQ opened at $27.82 on Friday. The stock has a market cap of $27.28 billion, a P/E ratio of 8.13, a P/E/G ratio of 2.31 and a beta of 1.05. The business’s 50 day moving average price is $29.34 and its 200-day moving average price is $28.78. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90.

HP (NYSE:HPQ) last released its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The business had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities analysts anticipate that HP Inc. will post 3.42 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $0.2756 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 annualized dividend and a dividend yield of 3.96%. HP’s dividend payout ratio is presently 32.16%.

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.