HP Inc. (NYSE:HPQ) Shares Sold by Virtu Financial LLC

Virtu Financial LLC reduced its position in HP Inc. (NYSE:HPQ) by 66.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,623 shares of the computer maker’s stock after selling 32,814 shares during the period. Virtu Financial LLC’s holdings in HP were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after acquiring an additional 12,883,347 shares in the last quarter. Pacer Advisors Inc. increased its holdings in HP by 4,180.9% in the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after acquiring an additional 9,294,209 shares in the last quarter. Norges Bank purchased a new stake in shares of HP during the fourth quarter worth $187,264,000. Qube Research & Technologies Ltd grew its holdings in shares of HP by 145.9% during the third quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock worth $156,535,000 after buying an additional 3,613,742 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of HP by 104.6% during the third quarter. Hsbc Holdings PLC now owns 4,352,558 shares of the computer maker’s stock worth $112,014,000 after buying an additional 2,225,530 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

NYSE HPQ opened at $36.77 on Wednesday. The stock has a market capitalization of $35.98 billion, a P/E ratio of 12.42, a PEG ratio of 2.26 and a beta of 1.11. HP Inc. has a 12 month low of $25.22 and a 12 month high of $39.52. The firm’s 50-day moving average is $31.49 and its two-hundred day moving average is $30.25.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 29th. The computer maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.61 billion. HP had a net margin of 5.60% and a negative return on equity of 230.39%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. As a group, analysts anticipate that HP Inc. will post 3.45 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.2756 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 3.00%. HP’s dividend payout ratio is presently 37.16%.

Insider Transactions at HP

In related news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the sale, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPQ. StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Citigroup boosted their price target on shares of HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their price target on shares of HP from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. TD Cowen boosted their price target on shares of HP from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley boosted their price target on shares of HP from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.64.

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.