Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 8,108 Shares of HP Inc. (NYSE:HPQ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of HP Inc. (NYSE:HPQ) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,915 shares of the computer maker’s stock after selling 8,108 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HP were worth $6,686,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HPQ. State Street Corp increased its holdings in shares of HP by 8.2% during the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock worth $1,871,046,000 after purchasing an additional 3,923,161 shares during the period. Geode Capital Management LLC increased its stake in HP by 11.1% in the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock valued at $885,877,000 after acquiring an additional 2,477,977 shares during the last quarter. KBC Group NV increased its stake in HP by 145.1% in the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock valued at $116,031,000 after acquiring an additional 2,105,104 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in HP in the fourth quarter valued at approximately $65,260,000. Finally, Bridgewater Associates LP increased its stake in HP by 2,649.5% in the third quarter. Bridgewater Associates LP now owns 1,318,599 shares of the computer maker’s stock valued at $47,298,000 after acquiring an additional 1,270,642 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent analyst reports. Citigroup decreased their price objective 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. Sanford C. Bernstein lifted their price objective on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Loop Capital decreased their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley decreased their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Stock Performance

Shares of NYSE:HPQ opened at $28.63 on Friday. The firm has a market cap of $26.98 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The firm’s fifty day moving average is $31.88 and its 200-day moving average is $34.18. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80.

HP (NYSE:HPQ) last issued 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. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued 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 dividend yield of 4.04%. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction on 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 owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is owned by company insiders.

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.