AE Wealth Management LLC raised its holdings in HP Inc. (NYSE:HPQ - Free Report) by 17.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410,488 shares of the computer maker's stock after buying an additional 61,877 shares during the quarter. AE Wealth Management LLC's holdings in HP were worth $11,366,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HPQ. West Paces Advisors Inc. boosted its position in HP by 3.2% during the 4th quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock worth $314,000 after purchasing an additional 298 shares during the period. TIAA Trust National Association grew its stake in shares of HP by 1.8% in the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after buying an additional 302 shares in the last quarter. Beverly Hills Private Wealth LLC raised its holdings in shares of HP by 0.8% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 45,729 shares of the computer maker's stock valued at $1,492,000 after buying an additional 384 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of HP by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock valued at $561,000 after buying an additional 411 shares during the period. Finally, SageView Advisory Group LLC boosted its holdings in HP by 5.0% in the 4th quarter. SageView Advisory Group LLC now owns 8,919 shares of the computer maker's stock worth $291,000 after acquiring an additional 425 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.
HP Trading Down 0.1%
HPQ traded down $0.03 during trading on Friday, reaching $25.67. 6,327,158 shares of the company were exchanged, compared to its average volume of 7,437,534. The stock has a market cap of $24.11 billion, a P/E ratio of 9.91, a PEG ratio of 2.08 and a beta of 1.27. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The firm has a 50 day moving average of $25.54 and a 200 day moving average of $27.89.
HP (NYSE:HPQ - Get Free Report) last posted its 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 negative return on equity of 244.99% and a net margin of 4.64%. HP's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. As a group, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.
HP Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.51%. HP's dividend payout ratio (DPR) is presently 44.40%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on HPQ. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Wells Fargo & Company reduced their price target on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. UBS Group dropped their price objective on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Bank of America dropped their price target on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Evercore ISI reduced their price objective on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $29.54.
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HP Company Profile
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Free Report)
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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