MGO One Seven LLC Has $318,000 Stock Position in HP Inc. (NYSE:HPQ)

MGO One Seven LLC reduced its position in shares of HP Inc. (NYSE:HPQ) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,754 shares of the computer maker’s stock after selling 5,239 shares during the period. MGO One Seven LLC’s holdings in HP were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HPQ. Barclays PLC raised its position in HP by 8.7% during the third quarter. Barclays PLC now owns 2,307,573 shares of the computer maker’s stock valued at $82,772,000 after purchasing an additional 183,741 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its position in HP by 3.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 161,418 shares of the computer maker’s stock valued at $5,757,000 after purchasing an additional 5,360 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in HP during the third quarter valued at approximately $237,000. World Investment Advisors LLC acquired a new position in shares of HP during the third quarter worth $324,000. Finally, Arvest Bank Trust Division bought a new position in shares of HP in the 3rd quarter valued at $11,745,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HPQ. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Barclays lifted their price target on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Citigroup cut their price target on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Loop Capital cut their price target on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley cut their price target on 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, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.83.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now owns 169 shares of the company’s stock, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

HP Price Performance

HP stock opened at $25.39 on Tuesday. The stock’s 50 day moving average is $27.48 and its 200 day moving average is $32.22. The firm has a market cap of $23.94 billion, a P/E ratio of 9.04, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a one year low of $21.21 and a one year high of $39.80.

HP (NYSE:HPQ) last posted its quarterly earnings data 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 negative return on equity of 253.39% and a net margin of 5.18%. Equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.56%. HP’s payout ratio is currently 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.