Caisse DE Depot ET Placement DU Quebec lessened its position in HP Inc (NYSE:HPQ) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,961,000 shares of the computer maker’s stock after selling 1,106,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.18% of HP worth $59,350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HPQ. NGAM Advisors L.P. grew its stake in HP by 24.3% during the 2nd quarter. NGAM Advisors L.P. now owns 124,653 shares of the computer maker’s stock worth $2,179,000 after purchasing an additional 24,364 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of HP by 1.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 101,950 shares of the computer maker’s stock worth $1,782,000 after acquiring an additional 1,550 shares in the last quarter. ARP Americas LLC acquired a new position in shares of HP during the 2nd quarter worth about $338,000. IFP Advisors Inc boosted its position in shares of HP by 5.6% during the 2nd quarter. IFP Advisors Inc now owns 33,606 shares of the computer maker’s stock worth $587,000 after acquiring an additional 1,773 shares in the last quarter. Finally, HL Financial Services LLC boosted its position in shares of HP by 48.3% during the 2nd quarter. HL Financial Services LLC now owns 21,592 shares of the computer maker’s stock worth $377,000 after acquiring an additional 7,033 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

In other news, insider Marie Myers sold 10,025 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $195,487.50. Following the completion of the transaction, the insider now directly owns 10,025 shares of the company’s stock, valued at approximately $195,487.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tracy S. Keogh sold 265,600 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $19.90, for a total value of $5,285,440.00. Following the transaction, the insider now directly owns 165,952 shares of the company’s stock, valued at $3,302,444.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,139,153 shares of company stock valued at $44,020,119. Company insiders own 0.62% of the company’s stock.

HPQ has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price objective on shares of HP in a research report on Wednesday, August 16th. Loop Capital upped their price objective on HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research cut HP from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price objective on shares of HP in a research report on Thursday, August 24th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.31.

HP Inc (NYSE HPQ) traded down $0.01 on Wednesday, reaching $21.07. The company’s stock had a trading volume of 9,209,101 shares, compared to its average volume of 10,987,110. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. The stock has a market cap of $35,208.95, a P/E ratio of 12.78, a PEG ratio of 2.23 and a beta of 1.81. HP Inc has a 12-month low of $14.40 and a 12-month high of $22.68.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. analysts predict that HP Inc will post 1.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.1393 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from HP’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 12th. HP’s dividend payout ratio is 35.57%.

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About HP

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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