HP Inc. (NYSE:HPQ) Shares Sold by Mountain Capital Investment Advisors Inc
Mountain Capital Investment Advisors Inc lessened its stake in shares of HP Inc. (NYSE:HPQ) by 20.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,384 shares of the computer maker’s stock after selling 10,466 shares during the period. Mountain Capital Investment Advisors Inc’s holdings in HP were worth $1,067,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC acquired a new stake in shares of HP during the 3rd quarter valued at $25,000. Nachman Norwood & Parrott Inc acquired a new stake in shares of HP during the 3rd quarter valued at $30,000. Price Wealth LLC lifted its position in shares of HP by 1,286.2% during the 3rd quarter. Price Wealth LLC now owns 1,608 shares of the computer maker’s stock valued at $31,000 after acquiring an additional 1,492 shares during the last quarter. Jackson Square Capital LLC acquired a new stake in shares of HP during the 3rd quarter valued at $31,000. Finally, Jeppson Wealth Management LLC acquired a new stake in shares of HP during the 3rd quarter valued at $34,000. Institutional investors own 76.14% of the company’s stock.
A number of analysts have recently issued reports on HPQ shares. Barclays increased their target price on HP from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, November 25th. JPMorgan Chase & Co. increased their target price on HP from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, November 25th. Bank of America increased their target price on HP from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Wednesday, November 25th. BidaskClub upgraded HP from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 8th. Finally, Smith Barney Citigroup increased their target price on HP from $18.50 to $23.50 in a report on Wednesday, November 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. HP has a consensus rating of “Hold” and an average target price of $21.08.
HP (NYSE:HPQ) last released its quarterly earnings results on Monday, November 23rd. The computer maker reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. HP had a net margin of 5.02% and a negative return on equity of 196.27%. During the same quarter in the previous year, the business earned $0.60 earnings per share. Equities research analysts forecast that HP Inc. will post 2.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 7th. Investors of record on Wednesday, March 10th will be paid a $0.1938 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.02%. HP’s payout ratio is presently 34.21%.
In related news, insider Claire Bramley sold 23,374 shares of the stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $24.40, for a total value of $570,325.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex Cho sold 10,496 shares of the stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $20.36, for a total transaction of $213,698.56. Following the completion of the sale, the insider now owns 56,652 shares of the company’s stock, valued at approximately $1,153,434.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,347 shares of company stock valued at $10,445,257. 0.28% of the stock is owned by corporate insiders.
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.
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