Oregon Public Employees Retirement Fund Has $2.70 Million Holdings in HP Inc. (NYSE:HPQ)

Oregon Public Employees Retirement Fund cut its stake in HP Inc. (NYSE:HPQ) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,651 shares of the computer maker’s stock after selling 1,080 shares during the period. Oregon Public Employees Retirement Fund’s holdings in HP were worth $2,697,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HPQ. TD Cowen raised their target price on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Sanford C. Bernstein boosted their target price on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their price target on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.68.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,737 shares of company stock worth $9,316,641. Company insiders own 0.41% of the company’s stock.

HP Price Performance

HP stock opened at $33.15 on Friday. The company’s 50 day simple moving average is $33.15 and its 200 day simple moving average is $34.86. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The firm has a market capitalization of $31.08 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. As a group, analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued 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 yield of 3.49%. HP’s dividend payout ratio (DPR) is currently 40.93%.

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.