HP Inc. (NYSE:HPQ) Stock Holdings Increased by Harbor Island Capital LLC

Harbor Island Capital LLC increased its stake in shares of HP Inc. (NYSE:HPQ) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353,050 shares of the computer maker’s stock after buying an additional 67,052 shares during the period. HP comprises 5.5% of Harbor Island Capital LLC’s portfolio, making the stock its 8th largest holding. Harbor Island Capital LLC’s holdings in HP were worth $11,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in HP during the second quarter worth about $269,000. Cetera Investment Advisers raised its position in HP by 14.5% during the second quarter. Cetera Investment Advisers now owns 125,398 shares of the computer maker’s stock worth $4,391,000 after acquiring an additional 15,905 shares during the last quarter. Czech National Bank raised its position in HP by 21.2% during the third quarter. Czech National Bank now owns 199,343 shares of the computer maker’s stock worth $7,150,000 after acquiring an additional 34,881 shares during the last quarter. GAMMA Investing LLC raised its position in HP by 22.3% during the third quarter. GAMMA Investing LLC now owns 12,624 shares of the computer maker’s stock worth $453,000 after acquiring an additional 2,301 shares during the last quarter. Finally, Mather Group LLC. raised its position in HP by 6.1% during the third quarter. Mather Group LLC. now owns 7,353 shares of the computer maker’s stock worth $264,000 after acquiring an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of research reports. Citigroup cut their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. TD Cowen boosted their price objective on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their price objective on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their price objective on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.23.

HP Stock Performance

Shares of HPQ stock opened at $32.58 on Friday. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The company has a 50 day moving average price of $33.59 and a 200 day moving average price of $35.02. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. HP’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.55%. HP’s dividend payout ratio is currently 41.28%.

Insiders Place Their Bets

In other HP news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 over the last ninety days. 0.41% of the stock is owned by company insiders.

HP 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.