Lyell Wealth Management LP Grows Holdings in HP Inc. (NYSE:HPQ)

Lyell Wealth Management LP raised its stake in shares of HP Inc. (NYSE:HPQ) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,427 shares of the computer maker’s stock after buying an additional 1,297 shares during the quarter. Lyell Wealth Management LP’s holdings in HP were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of HP by 4.3% during the 3rd quarter. CWM LLC now owns 27,328 shares of the computer maker’s stock valued at $702,000 after acquiring an additional 1,129 shares during the last quarter. IFP Advisors Inc lifted its position in HP by 9.8% in the third quarter. IFP Advisors Inc now owns 11,731 shares of the computer maker’s stock worth $302,000 after buying an additional 1,048 shares during the last quarter. SG Americas Securities LLC lifted its position in HP by 9.6% in the third quarter. SG Americas Securities LLC now owns 43,746 shares of the computer maker’s stock worth $1,124,000 after buying an additional 3,827 shares during the last quarter. CreativeOne Wealth LLC lifted its position in HP by 11.5% in the third quarter. CreativeOne Wealth LLC now owns 8,427 shares of the computer maker’s stock worth $217,000 after buying an additional 872 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in HP by 811.2% in the third quarter. Oak Thistle LLC now owns 99,517 shares of the computer maker’s stock worth $2,558,000 after buying an additional 88,596 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HPQ. HSBC upgraded HP from a “hold” rating to a “buy” rating and raised their price target for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Barclays lifted their target price on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, HP has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Insider Buying and Selling at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,723 shares of company stock valued at $3,479,287. 0.41% of the stock is owned by company insiders.

HP Stock Performance

HPQ traded up $0.06 on Thursday, hitting $28.16. The company had a trading volume of 3,617,690 shares, compared to its average volume of 7,984,154. The stock has a fifty day moving average price of $29.30 and a 200-day moving average price of $28.84. HP Inc. has a 12-month low of $25.22 and a 12-month high of $33.90. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 1.05.

HP (NYSE:HPQ) last released its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. Analysts forecast that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Tuesday, March 12th. HP’s payout ratio is presently 32.16%.

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.