Investors Asset Management of Georgia Inc. GA ADV Purchases 1,200 Shares of HP Inc. (NYSE:HPQ)

Investors Asset Management of Georgia Inc. GA ADV boosted its position in HP Inc. (NYSE:HPQ) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,698 shares of the computer maker’s stock after acquiring an additional 1,200 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in HP were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after acquiring an additional 12,883,347 shares during the period. Geode Capital Management LLC increased its position in shares of HP by 2.2% during the first quarter. Geode Capital Management LLC now owns 19,387,223 shares of the computer maker’s stock valued at $568,395,000 after buying an additional 421,075 shares during the period. Morgan Stanley increased its position in shares of HP by 22.5% during the fourth quarter. Morgan Stanley now owns 14,639,525 shares of the computer maker’s stock valued at $393,364,000 after buying an additional 2,686,976 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of HP by 114,461.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker’s stock valued at $310,043,000 after buying an additional 11,528,558 shares during the period. Finally, Northern Trust Corp increased its position in shares of HP by 6.2% during the third quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock valued at $260,381,000 after buying an additional 589,775 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

HP Stock Performance

Shares of HP stock traded down $0.08 during midday trading on Thursday, reaching $27.61. 2,473,563 shares of the company’s stock traded hands, compared to its average volume of 8,040,827. The company has a market cap of $27.08 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. The stock has a 50 day moving average of $29.37 and a 200-day moving average of $28.78. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. The company had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities analysts anticipate that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a dividend of $0.2756 per share. This represents a $1.10 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s payout ratio is currently 32.16%.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HP news, insider Stephanie Liebman sold 8,708 shares of HP 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares in the company, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is currently owned by company insiders.

About HP

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.