Siemens Fonds Invest GmbH Lowers Holdings in HP Inc. (NYSE:HPQ)

Siemens Fonds Invest GmbH lowered its stake in shares of HP Inc. (NYSE:HPQ) by 86.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,501 shares of the computer maker’s stock after selling 9,278 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in HP were worth $49,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of HP by 2.3% during 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 buying an additional 579,525 shares in the last quarter. Amundi raised its position in shares of HP by 15.9% during the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after buying an additional 899,349 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HP during the 4th quarter valued at $36,492,000. Gotham Asset Management LLC raised its position in shares of HP by 23.6% during the 4th quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker’s stock valued at $20,864,000 after buying an additional 122,289 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of HP by 4.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker’s stock valued at $14,581,000 after buying an additional 18,557 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, the insider now directly owns 169 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a report on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on shares of HP from $40.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley reduced their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus price target of $34.17.

HP Stock Up 1.9%

Shares of HPQ stock opened at $29.34 on Monday. The firm has a market capitalization of $27.65 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.96 and a beta of 1.32. The stock has a fifty day moving average of $26.14 and a 200 day moving average of $31.25. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80.

HP (NYSE:HPQ) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS 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 analysts’ expectations of $13.35 billion. Equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.95%. HP’s dividend payout ratio (DPR) is 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.