HP Inc. (NYSE:HPQ) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its position in shares of HP Inc. (NYSE:HPQ) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,440 shares of the computer maker’s stock after selling 5,722 shares during the period. Bryn Mawr Capital Management LLC’s holdings in HP were worth $3,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in HP by 12.3% in the third quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after acquiring an additional 12,883,347 shares in the last quarter. Northern Trust Corp boosted its stake in HP by 6.2% in the third quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock valued at $260,381,000 after acquiring an additional 589,775 shares in the last quarter. Pacer Advisors Inc. boosted its stake in HP by 4,180.9% in the fourth quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock valued at $286,352,000 after acquiring an additional 9,294,209 shares in the last quarter. Invesco Ltd. boosted its stake in HP by 13.8% in the third quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock valued at $211,257,000 after acquiring an additional 995,132 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in HP by 145.9% in the third quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock valued at $156,535,000 after acquiring an additional 3,613,742 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HPQ. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Barclays upped their target price on shares of 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 target price for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.11.

HP Stock Down 0.5 %

NYSE HPQ traded down $0.13 during trading hours on Friday, hitting $28.00. 4,953,252 shares of the stock were exchanged, compared to its average volume of 7,971,738. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. HP Inc. has a 12-month low of $25.22 and a 12-month high of $33.90. The stock has a 50-day moving average of $29.27 and a 200 day moving average of $28.85.

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

HP Dividend Announcement

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

Insider Buying and Selling at HP

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

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.