Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 851 Shares of HP Inc. (NYSE:HPQ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in HP Inc. (NYSE:HPQ) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,614 shares of the computer maker’s stock after buying an additional 851 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in HP were worth $216,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of HP in the 3rd quarter worth about $25,000. Synergy Asset Management LLC bought a new position in shares of HP in the 4th quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in shares of HP in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new stake in HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in HP in the 3rd quarter valued at about $44,000. 77.53% of the stock is owned by institutional investors.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the business’s 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 in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 262,737 shares of company stock worth $9,316,641 in the last 90 days. Insiders own 0.38% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $30.56 on Friday. The stock has a 50 day moving average price of $32.76 and a two-hundred day moving average price of $34.65. The firm has a market capitalization of $28.80 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $13.35 billion. On average, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.79%. HP’s payout ratio is presently 41.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPQ. HSBC lowered HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Wells Fargo & Company boosted their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Citigroup decreased their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Morgan Stanley decreased their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.14.

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.