HP Inc. (NYSE:HPQ) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its stake in HP Inc. (NYSE:HPQ) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 811,866 shares of the computer maker’s stock after selling 62,873 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in HP were worth $26,491,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in HP in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP during the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in HP during the third quarter worth $40,000. OFI Invest Asset Management acquired a new stake in HP during the fourth quarter valued at $37,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in HP in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

HP Price Performance

HPQ stock opened at $27.90 on Monday. HP Inc. has a 1 year low of $27.43 and a 1 year high of $39.80. The firm has a market capitalization of $26.30 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The business has a 50 day simple moving average of $31.48 and a 200-day simple moving average of $33.98.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, equities research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently declared 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 is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.15%. HP’s dividend payout ratio (DPR) is 41.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HPQ shares. StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley cut their price objective 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. Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their price target on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, TD Cowen decreased their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.