Envestnet Portfolio Solutions Inc. Has $3.29 Million Position in HP Inc. (NYSE:HPQ)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of HP Inc. (NYSE:HPQ) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,821 shares of the computer maker’s stock after purchasing an additional 1,314 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in HP were worth $3,290,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC lifted its position in HP by 3.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,597 shares of the computer maker’s stock valued at $509,000 after acquiring an additional 558 shares in the last quarter. First National Trust Co grew its stake in HP by 266.1% in the fourth quarter. First National Trust Co now owns 38,655 shares of the computer maker’s stock valued at $1,261,000 after purchasing an additional 28,097 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of HP by 2.8% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 231,474 shares of the computer maker’s stock worth $7,553,000 after purchasing an additional 6,241 shares in the last quarter. PGGM Investments bought a new position in shares of HP in the fourth quarter valued at $151,000. Finally, HBK Sorce Advisory LLC increased its stake in shares of HP by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker’s stock worth $374,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HPQ shares. Loop Capital dropped 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. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Wells Fargo & Company raised their price objective on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Citigroup decreased their target price on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.14.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.38% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $28.76 on Thursday. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $39.80. The stock has a fifty day moving average price of $32.07 and a 200-day moving average price of $34.28.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate 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. Research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

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.