HP Inc. (NYSE:HPQ) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in HP Inc. (NYSE:HPQ) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 68,983 shares of the computer maker’s stock after selling 2,167 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HP were worth $2,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of HP by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker’s stock valued at $825,398,000 after acquiring an additional 579,525 shares during the period. Amundi lifted its holdings in shares of HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock worth $217,319,000 after purchasing an additional 899,349 shares during the period. Principal Financial Group Inc. boosted its position in HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after buying an additional 160,268 shares during the last quarter. Oak Thistle LLC increased its holdings in HP by 169.3% in the 4th quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock worth $1,132,000 after buying an additional 21,805 shares during the period. Finally, Tidal Investments LLC lifted its stake in HP by 47.5% during the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after acquiring an additional 47,230 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares of the company’s stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on HPQ. Morgan Stanley reduced their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on HP from $40.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Citigroup dropped their target price on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, StockNews.com lowered HP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.00.

HP Stock Performance

Shares of NYSE HPQ opened at $25.28 on Friday. The firm has a market cap of $23.83 billion, a PE ratio of 9.00, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The firm has a fifty day moving average of $27.67 and a 200 day moving average of $32.36.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. On average, equities analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.58%. The ex-dividend date was Wednesday, March 12th. HP’s dividend payout ratio is currently 41.37%.

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.