Campbell & CO Investment Adviser LLC Trims Stake in HP Inc. (NYSE:HPQ)

Campbell & CO Investment Adviser LLC decreased its holdings in shares of HP Inc. (NYSE:HPQFree Report) by 85.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,163 shares of the computer maker’s stock after selling 248,241 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in HP were worth $1,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its position in shares of HP by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 401,809 shares of the computer maker’s stock valued at $12,090,000 after acquiring an additional 4,102 shares during the last quarter. Alaska Permanent Fund Corp raised its stake in HP by 1.4% in the fourth quarter. Alaska Permanent Fund Corp now owns 79,291 shares of the computer maker’s stock valued at $2,386,000 after purchasing an additional 1,091 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in HP during the fourth quarter valued at approximately $1,758,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of HP by 87.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock worth $22,960,000 after acquiring an additional 358,231 shares during the last quarter. Finally, Flputnam Investment Management Co. bought a new position in HP in the fourth quarter valued at $211,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Down 3.2 %

NYSE:HPQ opened at $35.32 on Tuesday. The firm has a market capitalization of $34.56 billion, a P/E ratio of 11.94, a P/E/G ratio of 2.32 and a beta of 1.11. HP Inc. has a 52 week low of $25.22 and a 52 week high of $39.52. The company has a fifty day moving average of $30.11 and a 200 day moving average of $29.67.

HP (NYSE:HPQGet Free Report) last issued its quarterly earnings data on Wednesday, May 29th. The computer maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.61 billion. HP had a net margin of 5.60% and a negative return on equity of 230.39%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, analysts anticipate that HP Inc. will post 3.44 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 13th. Stockholders of record on Wednesday, June 12th will be given a $0.2756 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.12%. HP’s dividend payout ratio is currently 37.16%.

Insider Activity

In related news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays upped their price objective on HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their target price on HP from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. HSBC raised shares of HP from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company lifted their target price on shares of HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

View Our Latest Research Report on HP

About HP

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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