HP Inc. (NYSE:HPQ) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp reduced its position in HP Inc. (NYSE:HPQ) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,973 shares of the computer maker’s stock after selling 400 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in HP were worth $1,383,000 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. California Public Employees Retirement System lifted its stake in shares of HP by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock valued at $76,229,000 after purchasing an additional 112,427 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in HP by 23.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock worth $545,000 after acquiring an additional 4,054 shares during the period. Wealthfront Advisers LLC raised its position in HP by 8.8% during the third quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock worth $1,608,000 after acquiring an additional 5,064 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in HP during the fourth quarter worth $1,758,000. Finally, Itau Unibanco Holding S.A. raised its position in HP by 111.9% during the second quarter. Itau Unibanco Holding S.A. now owns 12,103 shares of the computer maker’s stock worth $372,000 after acquiring an additional 6,391 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

Shares of HPQ traded up $0.10 during mid-day trading on Friday, reaching $30.22. The stock had a trading volume of 5,954,070 shares, compared to its average volume of 10,070,602. HP Inc. has a 52-week low of $25.22 and a 52-week high of $33.90. The business’s fifty day moving average is $29.33 and its 200 day moving average is $28.56. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 2.53 and a beta of 1.04.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm 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 posted $0.75 earnings per share. HP’s quarterly revenue was down 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that HP Inc. will post 3.41 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, March 12th. HP’s dividend payout ratio is currently 32.16%.

Analyst Ratings Changes

A number of research firms have weighed in on HPQ. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Morgan Stanley upgraded shares of HP from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $31.00 to $35.00 in a research report on Tuesday, December 12th. Barclays upped their price objective on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. Evercore ISI upgraded shares of HP from an “in-line” rating to an “outperform” rating and increased their target price for the company from $33.00 to $40.00 in a research report on Monday, December 11th. Finally, HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and increased their target price for the company from $30.00 to $33.00 in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.11.

Insider Activity at HP

In related news, 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 value of $269,338.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other HP news, insider Stephanie Liebman sold 8,708 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert R. Bennett sold 67,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the transaction, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,723 shares of company stock valued at $4,609,787. 0.41% of the stock is owned by company insiders.

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.