Tectonic Advisors LLC Has $1.95 Million Position in HP Inc. (NYSE:HPQ)

Tectonic Advisors LLC increased its stake in HP Inc. (NYSE:HPQ) by 7.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,775 shares of the computer maker’s stock after purchasing an additional 4,076 shares during the quarter. Tectonic Advisors LLC’s holdings in HP were worth $1,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC bought a new position in HP in the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC bought a new position in HP in the 4th quarter worth approximately $26,000. Wolff Wiese Magana LLC increased its position in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after buying an additional 518 shares during the period. ORG Wealth Partners LLC bought a new position in HP in the 3rd quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in HP in the 3rd quarter worth approximately $40,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alex Cho sold 10,298 shares of HP stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 273,035 shares of company stock worth $9,670,068 in the last 90 days. Company insiders own 0.41% of the company’s stock.

HP Trading Up 0.1 %

Shares of NYSE HPQ opened at $32.02 on Wednesday. The firm has a market cap of $30.03 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The business’s 50 day moving average is $33.64 and its 200-day moving average is $35.04.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. Analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.61%. HP’s dividend payout ratio (DPR) is presently 41.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HPQ shares. TD Cowen boosted their price objective on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC cut HP from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, JPMorgan Chase & Co. decreased their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.23.

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.