Alpine Woods Capital Investors LLC Trims Stock Position in HP Inc. (NYSE:HPQ)

Alpine Woods Capital Investors LLC trimmed its position in HP Inc. (NYSE:HPQ - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,194 shares of the computer maker's stock after selling 47,280 shares during the quarter. HP comprises 1.3% of Alpine Woods Capital Investors LLC's holdings, making the stock its 24th largest position. Alpine Woods Capital Investors LLC's holdings in HP were worth $5,100,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HPQ. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP in the 4th quarter valued at $36,000. CoreCap Advisors LLC boosted its holdings in HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after purchasing an additional 587 shares during the last quarter. Financial Freedom LLC grew its position in HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after purchasing an additional 878 shares during the period. Golden State Wealth Management LLC raised its stake in shares of HP by 165.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after buying an additional 947 shares during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new position in shares of HP in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HPQ shares. KGI Securities began coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating for the company. Citigroup cut their target price on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a report on Thursday, May 29th. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. TD Cowen cut their price objective on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Finally, Evercore ISI decreased their price objective on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $29.54.

HP Stock Down 1.1%

Shares of HP stock traded down $0.29 during trading hours on Friday, reaching $25.44. 6,168,250 shares of the company's stock were exchanged, compared to its average volume of 7,956,265. The business has a fifty day moving average of $25.99 and a two-hundred day moving average of $28.48. The company has a market capitalization of $23.90 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to analysts' expectations of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

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 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is currently 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.