Foster & Motley Inc. Has $7.52 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Foster & Motley Inc. increased its stake in shares of HP Inc. (NYSE:HPQ) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 230,564 shares of the computer maker’s stock after buying an additional 2,450 shares during the period. Foster & Motley Inc.’s holdings in HP were worth $7,523,000 as of its most recent filing with the SEC.

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

HP Stock Performance

HP stock opened at $32.64 on Thursday. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The stock has a market capitalization of $30.61 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. The stock has a fifty day moving average of $34.22 and a 200-day moving average of $35.22.

HP (NYSE:HPQ) last issued its 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 negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a $0.2894 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.55%. This is a positive change from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio (DPR) is currently 41.28%.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now directly owns 6,277 shares in the company, 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. Over the last quarter, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HPQ shares. HSBC cut shares of 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 research report on Friday, November 29th. 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. Sanford C. Bernstein lifted their price target 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. TD Cowen increased their price target on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup dropped their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.