Moss Adams Wealth Advisors LLC Invests $206,000 in HP Inc. (NYSE:HPQ)

Moss Adams Wealth Advisors LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,835 shares of the computer maker’s stock, valued at approximately $206,000.

Several other hedge funds have also recently made changes to their positions in HPQ. Rosenberg Matthew Hamilton raised its holdings in shares of HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in HP during the fourth quarter valued at approximately $28,000. Janiczek Wealth Management LLC increased its holdings in HP by 116.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after buying an additional 566 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in HP during the fourth quarter valued at approximately $34,000. Finally, Salem Investment Counselors Inc. increased its holdings in HP by 47.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after buying an additional 380 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction 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 is accessible through the SEC website. In other news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock worth $3,479,287 over the last 90 days. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on HPQ shares. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Barclays increased their price objective on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. Finally, HSBC raised shares of HP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.11.

HP Trading Down 0.0 %

Shares of NYSE:HPQ traded down $0.01 during midday trading on Tuesday, reaching $28.41. 3,859,031 shares of the company were exchanged, compared to its average volume of 7,765,910. The business’s fifty day moving average is $29.18 and its two-hundred day moving average is $28.95. HP Inc. has a one year low of $25.22 and a one year high of $33.90. The stock has a market cap of $27.86 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The business had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same quarter last year, the business earned $0.75 earnings per share. HP’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that HP Inc. will post 3.42 EPS for the current year.

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.