US Bancorp DE Has $9.50 Million Stake in HP Inc. (NYSE:HPQ)

US Bancorp DE decreased its position in HP Inc. (NYSE:HPQ) by 0.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 291,167 shares of the computer maker’s stock after selling 426 shares during the period. US Bancorp DE’s holdings in HP were worth $9,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HPQ. Ashton Thomas Securities LLC acquired a new position in shares of HP in the third quarter valued at approximately $25,000. Synergy Asset Management LLC acquired a new position in shares of HP in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of HP in the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of HP in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen decreased their target price on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday. Morgan Stanley reduced their price target on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Citigroup reduced their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Finally, HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, HP presently has an average rating of “Hold” and a consensus price target of $36.59.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. The trade was a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 262,737 shares of company stock worth $9,316,641. Insiders own 0.41% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $30.03 on Tuesday. The business has a fifty day moving average price of $33.04 and a two-hundred day moving average price of $34.80. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The stock has a market capitalization of $28.32 billion, a PE ratio of 10.69, a PEG ratio of 2.96 and a beta of 1.05.

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

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is 41.37%.

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.