Ieq Capital LLC Has $1.32 Million Holdings in HP Inc. (NYSE:HPQ)

Ieq Capital LLC trimmed its stake in HP Inc. (NYSE:HPQ) by 40.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,536 shares of the computer maker’s stock after selling 27,057 shares during the period. Ieq Capital LLC’s holdings in HP were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in HP during the third quarter worth about $25,000. Synergy Asset Management LLC bought a new stake in shares of HP in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the third quarter valued at approximately $44,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity

In other HP news, insider Stephanie Liebman sold 11,000 shares of the company’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 transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 in the last ninety days. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. TD Cowen lifted their target price 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. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. JPMorgan Chase & Co. decreased their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, Citigroup dropped their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.68.

HP Price Performance

HPQ opened at $34.71 on Tuesday. The stock has a market capitalization of $32.55 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The company’s 50 day simple moving average is $33.11 and its 200-day simple moving average is $34.87. HP Inc. has a one year low of $27.42 and a one year high of $39.79.

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

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 3.34%. HP’s payout ratio is currently 40.93%.

HP 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.