Eagle Bay Advisors LLC Sells 382 Shares of HP Inc. (NYSE:HPQ)

Eagle Bay Advisors LLC lowered its position in shares of HP Inc. (NYSE:HPQ) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,829 shares of the computer maker’s stock after selling 382 shares during the quarter. Eagle Bay Advisors LLC’s holdings in HP were worth $159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of HP during the third quarter worth $25,000. Wolff Wiese Magana LLC raised its position in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of HP during the third quarter worth $37,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP during the third quarter worth $40,000. Finally, DecisionPoint Financial LLC acquired a new stake in shares of HP during the second quarter worth $43,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.8 %

Shares of HPQ stock traded down $0.59 on Monday, hitting $32.61. 2,352,957 shares of the stock were exchanged, compared to its average volume of 5,216,106. The firm has a market capitalization of $30.58 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05. The business has a 50-day moving average of $35.20 and a 200 day moving average of $35.43. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79.

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

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a dividend of $0.2894 per share. This is a boost from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Wednesday, December 11th. HP’s dividend payout ratio is currently 40.93%.

Analyst Ratings Changes

HPQ has been the subject of a number of analyst reports. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. HSBC cut HP from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Bank of America cut HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Friday, September 27th. Finally, Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.23.

Insider Transactions at HP

In related news, insider Alex Cho sold 10,298 shares of the company’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 sale, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last three months. Company insiders own 0.41% of the company’s stock.

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.