Yousif Capital Management LLC Has $4.51 Million Position in HP Inc. (NYSE:HPQ)

Yousif Capital Management LLC reduced its holdings in HP Inc. (NYSE:HPQ) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 149,800 shares of the computer maker’s stock after selling 6,257 shares during the quarter. Yousif Capital Management LLC’s holdings in HP were worth $4,507,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System grew its position in shares of HP by 3.9% in the third quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock valued at $76,229,000 after purchasing an additional 112,427 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of HP by 23.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock valued at $545,000 after buying an additional 4,054 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of HP by 8.8% in the third quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock valued at $1,608,000 after buying an additional 5,064 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of HP by 87.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock valued at $22,960,000 after buying an additional 358,231 shares during the period. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of HP in the fourth quarter valued at about $1,758,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HPQ shares. Barclays increased their target price on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, HSBC upgraded shares of 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 note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

Insider Activity at HP

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

HP Trading Down 0.5 %

NYSE HPQ opened at $28.00 on Friday. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 2.35 and a beta of 1.05. The company has a 50 day moving average of $29.27 and a 200-day moving average of $28.85. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90.

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

HP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio is currently 32.16%.

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.