Guggenheim Capital LLC lessened its stake in shares of HP Inc (NYSE:HPQ) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,452,986 shares of the computer maker’s stock after selling 323,536 shares during the quarter. Guggenheim Capital LLC owned about 0.21% of HP worth $72,547,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Advisors Preferred LLC lifted its position in shares of HP by 1,153.0% during the 4th quarter. Advisors Preferred LLC now owns 4,774 shares of the computer maker’s stock worth $100,000 after buying an additional 4,393 shares during the last quarter. Sandy Spring Bank lifted its position in shares of HP by 439.8% during the 4th quarter. Sandy Spring Bank now owns 5,236 shares of the computer maker’s stock worth $110,000 after buying an additional 4,266 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of HP during the 4th quarter worth approximately $111,000. Virtue Capital Management LLC purchased a new stake in shares of HP during the 4th quarter worth approximately $117,000. Finally, Valeo Financial Advisors LLC lifted its position in shares of HP by 159.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,534 shares of the computer maker’s stock worth $137,000 after buying an additional 4,011 shares during the last quarter. Institutional investors and hedge funds own 80.59% of the company’s stock.
HP Inc (NYSE:HPQ) opened at $24.65 on Monday. The company has a debt-to-equity ratio of -2.31, a current ratio of 0.91 and a quick ratio of 0.67. The stock has a market cap of $40,459.87, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. HP Inc has a 12 month low of $17.03 and a 12 month high of $24.75.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be paid a $0.1393 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.26%. HP’s dividend payout ratio is currently 24.45%.
Several analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of HP from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Loop Capital restated a “buy” rating and set a $28.00 price objective on shares of HP in a research report on Monday, January 22nd. Maxim Group restated a “hold” rating and set a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Susquehanna Bancshares set a $22.00 price objective on shares of HP and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, February 27th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. HP presently has an average rating of “Buy” and an average price target of $23.94.
In other HP news, insider Kim M. Rivera sold 14,635 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $21.08, for a total value of $308,505.80. Following the transaction, the insider now directly owns 79,553 shares of the company’s stock, valued at approximately $1,676,977.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jon E. Flaxman sold 207,806 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $21.58, for a total transaction of $4,484,453.48. Following the completion of the transaction, the chief operating officer now directly owns 298,538 shares in the company, valued at $6,442,450.04. The disclosure for this sale can be found here. Insiders sold a total of 606,020 shares of company stock worth $13,597,644 over the last three months. 0.25% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/03/12/guggenheim-capital-llc-sells-323536-shares-of-hp-inc-hpq.html.
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc (NYSE:HPQ).
Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.