Stevens Capital Management LP Makes New $726,000 Investment in HP Inc. (NYSE:HPQ)

Stevens Capital Management LP acquired a new stake in HP Inc. (NYSE:HPQ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 22,237 shares of the computer maker’s stock, valued at approximately $726,000.

Several other large investors have also added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of HP by 6.4% during the 4th quarter. LPL Financial LLC now owns 415,970 shares of the computer maker’s stock worth $13,573,000 after buying an additional 25,169 shares during the period. KLP Kapitalforvaltning AS bought a new position in HP during the fourth quarter worth $16,285,000. American Century Companies Inc. increased its stake in HP by 5.1% in the fourth quarter. American Century Companies Inc. now owns 4,941,573 shares of the computer maker’s stock valued at $161,244,000 after purchasing an additional 237,845 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in shares of HP by 43.9% during the fourth quarter. Mizuho Securities USA LLC now owns 91,339 shares of the computer maker’s stock valued at $2,980,000 after purchasing an additional 27,885 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of HP during the 4th quarter worth about $522,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 0.4 %

Shares of NYSE HPQ opened at $28.63 on Friday. The company has a market capitalization of $26.98 billion, a PE ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. The stock’s 50 day moving average price is $31.88 and its 200-day moving average price is $34.18. HP Inc. has a twelve month low of $27.43 and a twelve month 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. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. As a group, research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business 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 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 4.04%. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HPQ. Morgan Stanley decreased their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. Sanford C. Bernstein lifted their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Barclays upped their price objective on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, HSBC cut shares of HP from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.14.

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.