HP Inc. (NYSE:HPQ) Stock Holdings Lifted by Amalgamated Bank

Amalgamated Bank raised its position in shares of HP Inc. (NYSE:HPQ) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,648 shares of the computer maker’s stock after purchasing an additional 21,288 shares during the period. Amalgamated Bank’s holdings in HP were worth $7,753,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Summit Global Investments acquired a new stake in HP in the fourth quarter valued at approximately $236,000. Commonwealth Equity Services LLC raised its holdings in shares of HP by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 902,790 shares of the computer maker’s stock valued at $27,165,000 after purchasing an additional 8,408 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of HP by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 550,059 shares of the computer maker’s stock valued at $16,551,000 after purchasing an additional 9,956 shares during the last quarter. Fisher Asset Management LLC bought a new stake in HP in the fourth quarter worth $498,000. Finally, First Trust Direct Indexing L.P. increased its position in HP by 33.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 28,412 shares of the computer maker’s stock worth $855,000 after buying an additional 7,089 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 41,015 shares of the business’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 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. In the last ninety days, insiders sold 116,723 shares of company stock valued at $3,479,287. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HP Price Performance

Shares of HPQ stock opened at $28.18 on Friday. The stock has a market cap 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 stock has a fifty day moving average price of $29.20 and a 200 day moving average price of $28.89. HP Inc. has a one year low of $25.22 and a one year high of $33.90.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting the consensus estimate 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 period in the previous year, the business earned $0.75 EPS. The firm’s revenue was down 4.4% on a year-over-year basis. Equities research analysts anticipate that HP Inc. will post 3.42 EPS for the current year.

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.