iA Global Asset Management Inc. Buys 2,827 Shares of HP Inc. (NYSE:HPQ)

iA Global Asset Management Inc. lifted its stake in HP Inc. (NYSE:HPQ) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,366 shares of the computer maker’s stock after buying an additional 2,827 shares during the period. iA Global Asset Management Inc.’s holdings in HP were worth $1,709,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of HP in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP in the fourth quarter worth about $31,000. OFI Invest Asset Management purchased a new position in shares of HP in the fourth quarter worth about $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP in the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP in the third quarter worth about $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business’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 completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays raised their target price on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley cut their target price on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.14.

HP Stock Up 0.4 %

Shares of HPQ opened at $28.63 on Friday. The business’s 50 day moving average price is $31.88 and its 200-day moving average price is $34.18. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The stock has a market cap of $26.98 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS 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 analysts’ expectations of $13.35 billion. On average, equities analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.04%. HP’s dividend payout ratio is currently 41.37%.

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.