HP Inc. (NYSE:HPQ) Position Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in HP Inc. (NYSE:HPQ) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,776,697 shares of the computer maker’s stock after purchasing an additional 592,391 shares during the period. HP comprises 1.0% of Pacer Advisors Inc.’s portfolio, making the stock its 20th largest holding. Pacer Advisors Inc. owned about 1.58% of HP worth $482,164,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HPQ. Ashton Thomas Securities LLC acquired a new position in HP in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC increased its holdings in HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after buying an additional 518 shares during the last quarter. ORG Wealth Partners LLC bought a new position in HP during the third quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new position in HP during the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HP in the third quarter valued at approximately $44,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In other news, 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 transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,219,680.32. The trade was a 13.74 % 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 valued at $9,670,068 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

HP Stock Down 2.0 %

Shares of HPQ stock opened at $32.73 on Monday. The stock has a 50 day moving average of $34.38 and a 200-day moving average of $35.27. The firm has a market cap of $30.69 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79.

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

HP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 3.54%. This is a positive change from HP’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, December 11th. HP’s payout ratio is currently 41.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HPQ. Sanford C. Bernstein increased their price target on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Barclays increased their target price on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC downgraded HP from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. cut their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.23.

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.