HP Inc. (NYSE:HPQ) Shares Sold by abrdn plc

abrdn plc decreased its holdings in HP Inc. (NYSE:HPQ) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,347,244 shares of the computer maker’s stock after selling 64,981 shares during the quarter. abrdn plc owned 0.14% of HP worth $43,886,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HPQ. Marshall Wace LLP acquired a new position in HP in the 2nd quarter worth about $269,000. Cetera Investment Advisers raised its holdings in shares of HP by 14.5% during the second quarter. Cetera Investment Advisers now owns 125,398 shares of the computer maker’s stock valued at $4,391,000 after acquiring an additional 15,905 shares during the last quarter. Czech National Bank raised its holdings in shares of HP by 21.2% during the third quarter. Czech National Bank now owns 199,343 shares of the computer maker’s stock valued at $7,150,000 after acquiring an additional 34,881 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of HP by 22.3% during the third quarter. GAMMA Investing LLC now owns 12,624 shares of the computer maker’s stock valued at $453,000 after acquiring an additional 2,301 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of HP by 6.1% during the third quarter. Mather Group LLC. now owns 7,353 shares of the computer maker’s stock valued at $264,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 in the last ninety days. Insiders own 0.41% of the company’s stock.

HP Stock Up 1.7 %

NYSE:HPQ opened at $32.55 on Thursday. The stock has a market capitalization of $30.53 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The stock’s fifty day moving average is $33.64 and its two-hundred day moving average is $35.04. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. HP’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 40.93%.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research analyst reports. HSBC cut HP from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.00 in a report on Friday, November 29th. Sanford C. Bernstein increased their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Citigroup reduced their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, TD Cowen increased their price objective on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, HP presently has an average rating of “Hold” and an average target price of $36.23.

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.