LVW Advisors LLC Trims Holdings in HP Inc. (NYSE:HPQ)

LVW Advisors LLC decreased its stake in shares of HP Inc. (NYSE:HPQ) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,667 shares of the computer maker’s stock after selling 5,217 shares during the period. LVW Advisors LLC’s holdings in HP were worth $609,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of HP in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC lifted its stake in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares in the last quarter. ORG Wealth Partners LLC bought a new position in HP in the 3rd quarter valued at $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP during the 3rd quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HP in the third quarter worth $44,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 0.6 %

NYSE:HPQ opened at $32.53 on Tuesday. The firm has a market capitalization of $30.51 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.83 and a beta of 1.05. The company has a fifty day moving average of $34.78 and a 200 day moving average of $35.35. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were issued a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.16 annualized dividend and a yield of 3.56%. This is a boost from HP’s previous quarterly dividend of $0.28. HP’s payout ratio is 41.28%.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction that occurred 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 owns 6,277 shares of the company’s stock, 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 the SEC website. Also, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred 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 sale, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. This represents 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 have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Bank of America downgraded shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Friday, September 27th. HSBC cut shares of HP from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. TD Cowen raised their price objective on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.23.

HP Company 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.