Thurston Springer Miller Herd & Titak Inc. Sells 1,085 Shares of HP Inc. (NYSE:HPQ)

Thurston Springer Miller Herd & Titak Inc. decreased its position in HP Inc. (NYSE:HPQ) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,380 shares of the computer maker’s stock after selling 1,085 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in HP were worth $208,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC increased its holdings in HP by 7.2% during the fourth quarter. Park Avenue Securities LLC now owns 43,171 shares of the computer maker’s stock valued at $1,409,000 after buying an additional 2,897 shares during the period. Assenagon Asset Management S.A. boosted its position in HP by 36.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 332,956 shares of the computer maker’s stock valued at $10,864,000 after purchasing an additional 88,822 shares in the last quarter. Oak Thistle LLC grew its position in shares of HP by 169.3% in the 4th quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock worth $1,132,000 after buying an additional 21,805 shares during the last quarter. Pines Wealth Management LLC purchased a new position in HP in the fourth quarter worth $246,000. Finally, Wedmont Private Capital increased its position in shares of HP by 2.6% during the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock worth $420,000 after purchasing an additional 316 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. This represents a 13.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 in the last 90 days. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HPQ shares. Barclays raised their price objective on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Citigroup decreased their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Bank of America lowered HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.23.

HP Price Performance

HPQ opened at $32.39 on Friday. The stock has a market cap of $30.37 billion, a P/E ratio of 11.53, a P/E/G ratio of 2.83 and a beta of 1.05. The firm has a fifty day moving average price of $34.97 and a 200 day moving average price of $35.38. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. HP’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. Equities analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a dividend of $0.2894 per share. The ex-dividend date was Wednesday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. HP’s dividend payout ratio is currently 41.28%.

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.