Lindbrook Capital LLC Grows Position in HP Inc. (NYSE:HPQ)

Lindbrook Capital LLC grew its stake in shares of HP Inc. (NYSE:HPQ) by 21.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,319 shares of the computer maker’s stock after purchasing an additional 597 shares during the period. Lindbrook Capital LLC’s holdings in HP were worth $100,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its holdings in HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after buying an additional 397 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of HP in the 4th quarter worth approximately $28,000. Janiczek Wealth Management LLC increased its stake in HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after purchasing an additional 566 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in HP during the fourth quarter worth $34,000. Finally, Salem Investment Counselors Inc. boosted its position in HP by 47.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after purchasing an additional 380 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at HP

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

HP Stock Performance

Shares of HPQ stock opened at $28.10 on Thursday. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The company has a 50 day moving average price of $29.30 and a 200 day moving average price of $28.84. HP Inc. has a one year low of $25.22 and a one year high of $33.90.

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

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.2756 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 3.92%. HP’s dividend payout ratio is currently 32.16%.

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.