HP Inc. (HPQ) is Unison Advisors LLC’s 7th Largest Position

Unison Advisors LLC raised its stake in HP Inc. (NYSE:HPQ) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,261 shares of the computer maker’s stock after buying an additional 483 shares during the period. HP comprises about 1.5% of Unison Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Unison Advisors LLC’s holdings in HP were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new stake in HP during the 4th quarter valued at $288,000. BB&T Securities LLC boosted its position in HP by 19.0% during the 4th quarter. BB&T Securities LLC now owns 49,867 shares of the computer maker’s stock valued at $1,020,000 after buying an additional 7,972 shares during the period. IndexIQ Advisors LLC boosted its position in HP by 57.0% during the 4th quarter. IndexIQ Advisors LLC now owns 319,560 shares of the computer maker’s stock valued at $6,538,000 after buying an additional 116,079 shares during the period. M&T Bank Corp boosted its position in HP by 0.3% during the 4th quarter. M&T Bank Corp now owns 274,320 shares of the computer maker’s stock valued at $5,613,000 after buying an additional 796 shares during the period. Finally, Robecosam AG boosted its position in HP by 58.6% during the 4th quarter. Robecosam AG now owns 54,912 shares of the computer maker’s stock valued at $1,117,000 after buying an additional 20,280 shares during the period. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HPQ traded up $0.02 on Monday, reaching $22.94. 1,364,647 shares of the stock traded hands, compared to its average volume of 8,036,019. The firm has a market cap of $35.86 billion, a P/E ratio of 11.36, a P/E/G ratio of 2.22 and a beta of 1.43. HP Inc. has a 12 month low of $19.22 and a 12 month high of $27.08.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, November 29th. The computer maker reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $15.37 billion during the quarter, compared to analyst estimates of $15.13 billion. HP had a net margin of 9.11% and a negative return on equity of 188.62%. HP’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. Sell-side analysts anticipate that HP Inc. will post 2.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.1602 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.79%. HP’s dividend payout ratio is currently 31.68%.

HPQ has been the subject of several analyst reports. Zacks Investment Research cut shares of HP from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Standpoint Research assumed coverage on shares of HP in a research report on Wednesday, December 26th. They issued a “buy” rating and a $19.38 target price for the company. Wolfe Research assumed coverage on shares of HP in a research report on Tuesday, December 11th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. set a $26.00 target price on shares of HP and gave the stock a “neutral” rating in a research report on Friday, November 30th. Finally, ValuEngine cut shares of HP from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.31.

In other news, insider Alex Cho sold 3,879 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $23.68, for a total transaction of $91,854.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dion J. Weisler sold 116,134 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $22.99, for a total transaction of $2,669,920.66. Following the sale, the insider now directly owns 1,248,276 shares in the company, valued at approximately $28,697,865.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,859 shares of company stock valued at $4,515,614. 0.25% of the stock is owned by company insiders.

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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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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