HP Inc. (NYSE:HPQ) Shares Acquired by Amundi

Amundi grew its stake in HP Inc. (NYSE:HPQ) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,561,399 shares of the computer maker’s stock after purchasing an additional 899,349 shares during the quarter. Amundi owned approximately 0.70% of HP worth $217,319,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HPQ. Van ECK Associates Corp grew its position in shares of HP by 6.0% in the third quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker’s stock valued at $1,346,000 after purchasing an additional 2,139 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of HP in the third quarter valued at about $247,000. Principal Financial Group Inc. grew its position in shares of HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after purchasing an additional 160,268 shares during the period. Assetmark Inc. grew its position in shares of HP by 40.8% in the third quarter. Assetmark Inc. now owns 132,269 shares of the computer maker’s stock valued at $4,745,000 after purchasing an additional 38,331 shares during the period. Finally, Atria Investments Inc grew its position in shares of HP by 8.2% in the third quarter. Atria Investments Inc now owns 61,848 shares of the computer maker’s stock valued at $2,218,000 after purchasing an additional 4,712 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ stock opened at $30.56 on Monday. The firm’s 50-day moving average is $32.76 and its two-hundred day moving average is $34.65. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The company has a market capitalization of $28.80 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is currently 41.37%.

Insider Activity at HP

In related news, insider Alex Cho sold 40,287 shares of HP stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,250,724.80. The trade was a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the transaction, the insider now owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,643 shares of company stock worth $4,319,565. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HPQ. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Wells Fargo & Company raised their price target on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays raised their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Citigroup decreased their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.14.

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.