HP Inc. (NYSE:HPQ) Position Trimmed by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its holdings in HP Inc. (NYSE:HPQ) by 18.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,864 shares of the computer maker’s stock after selling 12,160 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in HP were worth $1,621,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. California Public Employees Retirement System lifted its stake in 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 buying an additional 112,427 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in HP by 23.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock valued at $545,000 after purchasing an additional 4,054 shares during the last quarter. Alaska Permanent Fund Corp boosted its stake in HP by 1.4% during the 4th quarter. Alaska Permanent Fund Corp now owns 79,291 shares of the computer maker’s stock valued at $2,386,000 after purchasing an additional 1,091 shares during the period. Wealthfront Advisers LLC grew its position in HP by 8.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock worth $1,608,000 after purchasing an additional 5,064 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased 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 purchasing an additional 358,231 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $1,199,278.60. Following the transaction, the insider now owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 in the last three months. 0.41% of the stock is owned by insiders.

HP Price Performance

NYSE HPQ traded up $0.24 on Friday, hitting $28.18. 6,648,423 shares of the company were exchanged, compared to its average volume of 6,200,519. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90. The firm has a market capitalization of $27.64 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The company’s 50 day moving average price is $29.20 and its 200-day moving average price is $28.89.

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

Wall Street Analyst Weigh In

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

About HP

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.