Johnson Financial Group Inc. Reduces Stock Holdings in HP Inc. (NYSE:HPQ)

Johnson Financial Group Inc. lessened its stake in HP Inc. (NYSE:HPQ) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,957 shares of the computer maker’s stock after selling 447 shares during the quarter. Johnson Financial Group Inc.’s holdings in HP were worth $584,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in HP during the 4th quarter worth $31,000. OFI Invest Asset Management acquired a new position in HP in the 4th quarter worth $37,000. Wingate Wealth Advisors Inc. purchased a new position in HP in the 4th quarter valued at about $50,000. Finally, Summit Securities Group LLC acquired a new stake in shares of HP during the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HPQ. TD Cowen cut their price target on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Citigroup cut their target price on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. StockNews.com lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Barclays increased their price objective on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Sanford C. Bernstein boosted their target price on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.00.

Insider Buying and Selling at HP

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

HP Stock Down 0.2 %

HPQ opened at $25.28 on Friday. The company’s 50-day moving average price is $27.67 and its 200 day moving average price is $32.33. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current 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 given a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.58%. HP’s dividend payout ratio is presently 41.37%.

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.