46,838 Shares in HP Inc. (NYSE:HPQ) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,838 shares of the computer maker’s stock, valued at approximately $1,528,000.

Other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in HP during the fourth quarter worth $31,000. OFI Invest Asset Management acquired a new stake in HP in the fourth quarter valued at $37,000. Itau Unibanco Holding S.A. acquired a new stake in HP in the third quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HP in the third quarter valued at $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $28.52 on Friday. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The firm has a market cap of $26.88 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 2.96 and a beta of 1.09. The firm’s 50-day simple moving average is $31.97 and its 200 day simple moving average is $34.24.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 4.06%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is 41.37%.

Insider Buying and Selling

In other HP news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HPQ. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Wells Fargo & Company increased their price target on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, HP currently has an average rating of “Hold” and a consensus price target of $36.14.

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.