111 Capital Buys Shares of 17,080 HP Inc. (NYSE:HPQ)

111 Capital bought a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,080 shares of the computer maker's stock, valued at approximately $557,000.

Several other large investors have also bought and sold shares of HPQ. Barclays PLC boosted its stake in HP by 8.7% during the third quarter. Barclays PLC now owns 2,307,573 shares of the computer maker's stock valued at $82,772,000 after buying an additional 183,741 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in HP by 10.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 235,697 shares of the computer maker's stock valued at $7,691,000 after buying an additional 22,139 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of HP by 3.0% in the 4th quarter. Fifth Third Bancorp now owns 36,035 shares of the computer maker's stock valued at $1,176,000 after purchasing an additional 1,035 shares during the period. Blue Trust Inc. boosted its position in shares of HP by 24.6% in the 4th quarter. Blue Trust Inc. now owns 13,186 shares of the computer maker's stock valued at $473,000 after purchasing an additional 2,606 shares during the period. Finally, Foundations Investment Advisors LLC boosted its position in shares of HP by 18.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 10,684 shares of the computer maker's stock valued at $349,000 after purchasing an additional 1,646 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Price Performance

HP stock traded up $0.01 during mid-day trading on Monday, hitting $24.91. The company's stock had a trading volume of 9,582,779 shares, compared to its average volume of 7,831,344. The firm's 50 day moving average is $25.87 and its 200 day moving average is $30.53. The company has a market cap of $23.48 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The firm had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $13.09 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Wednesday, June 11th. HP's payout ratio is presently 44.40%.

Insider Activity at HP

In related news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly owns 169 shares of the company's stock, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HPQ shares. Bank of America decreased their price target on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. UBS Group decreased their price target on HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday. Barclays set a $28.00 price target on HP and gave the company an "equal weight" rating in a research report on Thursday. KGI Securities started coverage on HP in a research report on Thursday. They issued a "neutral" rating for the company. Finally, Citigroup decreased their price target on HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $29.54.

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.