Capital Advisors Inc. OK Sells 550 Shares of HP Inc. (NYSE:HPQ)

Capital Advisors Inc. OK lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,316 shares of the computer maker’s stock after selling 550 shares during the quarter. Capital Advisors Inc. OK’s holdings in HP were worth $271,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in HP in the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC purchased a new stake in shares of HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of HP in the fourth quarter worth $31,000. Wolff Wiese Magana LLC grew its position in shares of HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after purchasing an additional 518 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of HP during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

NYSE HPQ opened at $33.04 on Thursday. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a fifty day moving average of $33.34 and a 200-day moving average of $34.88. The company has a market capitalization of $30.98 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $14.06 billion during 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 company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is currently 41.28%.

Insiders Place Their Bets

In other news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on HPQ shares. Citigroup cut their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. TD Cowen upped their target price on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.23.

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.