HP Inc. (NYSE:HPQ) Shares Sold by Argyle Capital Management Inc.

Argyle Capital Management Inc. trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,675 shares of the computer maker’s stock after selling 11,400 shares during the quarter. Argyle Capital Management Inc.’s holdings in HP were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HPQ. Rosenberg Matthew Hamilton lifted its stake in shares of HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of HP in the 4th quarter valued at $28,000. Janiczek Wealth Management LLC lifted its stake in shares of HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after purchasing an additional 566 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of HP in the 4th quarter valued at $34,000. Finally, Salem Investment Counselors Inc. lifted its stake in shares of HP by 47.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after purchasing an additional 380 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Down 0.5 %

Shares of HP stock traded down $0.13 during trading hours on Friday, reaching $28.00. 5,356,232 shares of the company’s stock were exchanged, compared to its average volume of 6,076,379. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90. The company has a market capitalization of $27.46 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The business has a fifty day moving average of $29.27 and a two-hundred day moving average of $28.88.

HP (NYSE:HPQ) last released its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The business had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, research analysts predict that HP Inc. will post 3.42 EPS for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s payout ratio is 32.16%.

Insider Transactions at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock valued at $3,479,287 over the last 90 days. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on HPQ shares. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays boosted their price target on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

HP 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.