HP Inc. (HPQ) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 204,431 shares of the computer maker’s stock after selling 7,135 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HP were worth $5,268,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its position in shares of HP by 0.7% in the 2nd quarter. Northern Trust Corp now owns 21,440,019 shares of the computer maker’s stock worth $486,474,000 after buying an additional 141,712 shares during the period. Bank of New York Mellon Corp raised its position in shares of HP by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,076,825 shares of the computer maker’s stock worth $491,611,000 after buying an additional 1,120,811 shares during the period. LSV Asset Management raised its position in shares of HP by 6.9% in the 3rd quarter. LSV Asset Management now owns 14,953,881 shares of the computer maker’s stock worth $385,361,000 after buying an additional 966,494 shares during the period. Dimensional Fund Advisors LP raised its position in shares of HP by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,327,977 shares of the computer maker’s stock worth $325,104,000 after buying an additional 52,104 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of HP by 17.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 8,197,267 shares of the computer maker’s stock worth $185,996,000 after buying an additional 1,207,545 shares during the period. 78.94% of the stock is currently owned by institutional investors.

Shares of NYSE HPQ opened at $22.93 on Friday. HP Inc. has a 12-month low of $19.31 and a 12-month high of $27.08. The firm has a market capitalization of $38.01 billion, a P/E ratio of 11.89, a P/E/G ratio of 2.33 and a beta of 1.45.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Thursday, December 13th will be issued a $0.1602 dividend. This is an increase from HP’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, December 12th. HP’s dividend payout ratio is currently 27.72%.

HPQ has been the topic of several research reports. Bank of America increased their target price on HP from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. UBS Group increased their target price on HP from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Maxim Group increased their target price on HP from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. ValuEngine raised HP from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Deutsche Bank increased their target price on HP from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. HP has a consensus rating of “Hold” and a consensus price target of $27.25.

In other news, COO Catherine A. Lesjak sold 693,594 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $25.78, for a total transaction of $17,880,853.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $91,854.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 829,934 shares of company stock valued at $21,227,333. 0.25% of the stock is owned by insiders.

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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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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