Oregon Public Employees Retirement Fund reduced its position in shares of HP Inc. (NYSE:HPQ) by 18.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 757,431 shares of the computer maker’s stock after selling 170,610 shares during the period. Oregon Public Employees Retirement Fund’s holdings in HP were worth $11,763,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Visionary Asset Management Inc. boosted its position in HP by 3.0% in the second quarter. Visionary Asset Management Inc. now owns 219,612 shares of the computer maker’s stock worth $2,760,000 after buying an additional 6,466 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in HP by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 442,791 shares of the computer maker’s stock worth $5,557,000 after buying an additional 22,392 shares during the last quarter. Wealthfront Inc. boosted its position in HP by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock worth $214,000 after buying an additional 3,638 shares during the last quarter. Wealthsource Partners LLC boosted its position in HP by 15.5% in the second quarter. Wealthsource Partners LLC now owns 16,390 shares of the computer maker’s stock worth $206,000 after buying an additional 2,196 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in HP by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock worth $172,000 after buying an additional 2,755 shares during the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

Shares of HP Inc. (NYSE:HPQ) traded up 0.82% during trading on Monday, hitting $16.00. 10,618,264 shares of the company were exchanged. The firm has a market capitalization of $27.37 billion, a PE ratio of 8.52 and a beta of 1.53. The firm’s 50-day moving average price is $14.95 and its 200 day moving average price is $13.88. HP Inc. has a 12 month low of $8.91 and a 12 month high of $16.19.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. HP had a net margin of 5.41% and a return on equity of 106.26%. The company earned $11.89 billion during the quarter, compared to analyst estimates of $11.44 billion. During the same period last year, the firm posted $0.88 EPS. HP’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that HP Inc. will post $1.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.1327 per share. The ex-dividend date of this dividend is Monday, December 12th. This is a positive change from HP’s previous quarterly dividend of $0.12. This represents a $0.53 dividend on an annualized basis and a yield of 3.32%. HP’s dividend payout ratio (DPR) is currently 26.74%.

A number of equities analysts have issued reports on HPQ shares. Jefferies Group restated a “buy” rating and issued a $16.75 price objective on shares of HP in a research report on Tuesday, September 13th. Vetr lowered shares of HP from a “strong-buy” rating to a “buy” rating and set a $17.76 target price on the stock. in a research note on Tuesday, November 15th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $14.00 target price (up previously from $12.00) on shares of HP in a research note on Monday, August 22nd. Royal Bank Of Canada lifted their target price on shares of HP from $12.00 to $14.00 and gave the company a “sector perform” rating in a research note on Monday, August 22nd. Finally, Mizuho lifted their target price on shares of HP from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, October 14th. Sixteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.48.

In other HP news, insider Tracy S. Keogh sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now directly owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marie Myers sold 10,269 shares of HP stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the transaction, the insider now directly owns 22,390 shares of the company’s stock, valued at $325,774.50. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

About HP

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

5 Day Chart for NYSE:HPQ

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