Mutual of America Capital Management LLC Has $3.77 Million Position in HP Inc. (NYSE:HPQ)
Mutual of America Capital Management LLC reduced its stake in shares of HP Inc. (NYSE:HPQ – Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,435 shares of the computer maker’s stock after selling 5,047 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HP were worth $3,767,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in shares of HP during the 3rd quarter valued at about $25,000. Synergy Asset Management LLC bought a new stake in HP in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in HP in the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in HP in the 3rd quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in HP in the 3rd quarter valued at approximately $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.
HP Stock Up 1.0 %
Shares of HP stock opened at $29.60 on Thursday. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79. The stock has a market cap of $27.91 billion, a P/E ratio of 10.53, a P/E/G ratio of 2.96 and a beta of 1.05. The business’s 50 day moving average is $32.88 and its 200-day moving average is $34.72.
HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.
HP Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.
Insider Activity at HP
In related news, insider Alex Cho sold 40,287 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total value of $1,401,987.60. Following the sale, the insider now owns 64,676 shares in the company, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on 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 owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 262,737 shares of company stock worth $9,316,641. Company insiders own 0.41% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Sanford C. Bernstein boosted their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday. TD Cowen cut their target price on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Morgan Stanley cut their target price on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, HP presently has an average rating of “Hold” and a consensus price target of $36.14.
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.
See Also
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ – Free Report).
Receive News & Ratings for HP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HP and related companies with MarketBeat.com’s FREE daily email newsletter.