Mufg Securities Americas Inc. Buys Shares of 14,226 HP Inc. (NYSE:HPQ)

Mufg Securities Americas Inc. purchased a new position in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,226 shares of the computer maker’s stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in HP in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP in the 4th quarter valued at approximately $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management acquired a new position in HP during the fourth quarter worth $37,000. Finally, CoreCap Advisors LLC raised its position in HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock worth $46,000 after acquiring an additional 587 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of HP from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. TD Cowen reduced their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Barclays upped their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Wells Fargo & Company lifted their price objective on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, Citigroup lowered their target price on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.83.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly owns 169 shares of the company’s stock, valued at $4,814.81. This trade represents a 99.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

HP Stock Performance

Shares of HPQ stock opened at $28.78 on Friday. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The firm has a market capitalization of $27.13 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. The stock has a fifty day moving average of $26.12 and a two-hundred day moving average of $31.37.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. Equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Wednesday, June 11th. 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.