Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in HP Inc. (NYSE:HPQ)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,949,479 shares of the computer maker's stock, valued at approximately $63,612,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.21% of HP as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of HP in the fourth quarter valued at $229,320,000. KBC Group NV increased its holdings in shares of HP by 145.1% in the 4th quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock valued at $116,031,000 after purchasing an additional 2,105,104 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in HP in the 4th quarter worth approximately $65,260,000. Northern Trust Corp boosted its position in HP by 15.8% during the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after purchasing an additional 1,755,942 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in HP in the 4th quarter worth approximately $55,915,000. Institutional investors own 77.53% of the company's stock.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of HP 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, valued at $4,814.81. This trade represents a 99.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

HP Stock Down 3.5%

HPQ stock traded down $0.99 during trading on Wednesday, hitting $27.35. The company had a trading volume of 16,562,820 shares, compared to its average volume of 7,944,726. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock has a market cap of $25.78 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 2.96 and a beta of 1.32. The firm has a 50-day moving average price of $26.11 and a 200-day moving average price of $30.87.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). HP had a negative return on equity of 253.39% and a net margin of 5.18%. During the same quarter in the prior year, the company earned $0.82 EPS. HP's revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company 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 $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, June 11th. HP's dividend payout ratio is currently 41.37%.

Analysts Set New Price Targets

HPQ has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. TD Cowen dropped their price objective on HP from $39.00 to $38.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Loop Capital cut their price objective on HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Bank of America reduced their target price on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $33.33.

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.