CreativeOne Wealth LLC Increases Stake in HP Inc. (NYSE:HPQ)

CreativeOne Wealth LLC boosted its position in shares of HP Inc. (NYSE:HPQ) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,314 shares of the computer maker’s stock after buying an additional 1,498 shares during the quarter. CreativeOne Wealth LLC’s holdings in HP were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in HP in the fourth quarter worth $229,320,000. KBC Group NV raised its stake in HP by 145.1% during the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock valued at $116,031,000 after buying an additional 2,105,104 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in HP in the fourth quarter worth $65,260,000. Raymond James Financial Inc. purchased a new stake in shares of HP in the fourth quarter worth $36,492,000. Finally, Amundi increased its holdings in shares of HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after acquiring an additional 899,349 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HPQ shares. Barclays upped 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. Loop Capital cut their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company upped their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. StockNews.com downgraded HP from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley lowered their price target on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.00.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares of the company’s stock, valued at $4,814.81. This represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

HP Trading Up 1.3 %

Shares of NYSE HPQ opened at $23.77 on Friday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80. The firm has a market capitalization of $22.41 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The firm has a 50 day moving average of $28.75 and a 200 day moving average of $32.82.

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

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.87%. HP’s payout ratio is 41.37%.

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.