Achmea Investment Management B.V. Buys 34,752 Shares of HP Inc. (NYSE:HPQ)

Achmea Investment Management B.V. grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 817,597 shares of the computer maker's stock after acquiring an additional 34,752 shares during the period. Achmea Investment Management B.V. owned 0.09% of HP worth $22,639,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of HP by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after acquiring an additional 579,525 shares during the period. Northern Trust Corp raised its position in shares of HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after buying an additional 1,755,942 shares in the last quarter. Invesco Ltd. boosted its stake in shares of HP by 7.3% in the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock valued at $310,351,000 after buying an additional 643,192 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of HP by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock valued at $303,105,000 after buying an additional 707,742 shares during the period. Finally, Norges Bank bought a new position in HP during the 4th quarter worth $229,320,000. Institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HPQ. UBS Group dropped their target price on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Citigroup lowered their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Evercore ISI lowered their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Barclays set a $28.00 price target on HP and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Finally, Bank of America cut their price target on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $29.54.

HP Trading Up 0.8%

NYSE:HPQ opened at $24.73 on Friday. The firm has a fifty day simple moving average of $25.88 and a two-hundred day simple moving average of $29.11. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.99 and a beta of 1.30.

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 analysts' consensus estimates of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. Equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is presently 44.79%.

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.

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