HP Inc. (NYSE:HPQ) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. lifted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 21.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 850,385 shares of the computer maker's stock after buying an additional 149,208 shares during the period. Alps Advisors Inc. owned approximately 0.09% of HP worth $23,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of HP by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after buying an additional 579,525 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of HP by 23.6% during the 4th quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock worth $20,864,000 after buying an additional 122,289 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of HP during the 4th quarter worth approximately $36,492,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of HP during the 4th quarter worth approximately $9,481,000. Finally, BayBridge Capital Group LLC acquired a new stake in shares of HP during the 1st quarter worth approximately $1,505,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Trading Down 1.2%

Shares of HP stock traded down $0.31 on Friday, reaching $25.43. 3,310,659 shares of the stock were exchanged, compared to its average volume of 7,941,106. The firm has a market capitalization of $23.88 billion, a PE ratio of 9.83, a PEG 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. The business has a fifty day moving average price of $26.00 and a two-hundred day moving average price of $28.53.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $13.22 billion for the quarter, compared to analysts' expectations of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. Research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.40%.

Analysts Set New Price Targets

HPQ has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, May 29th. Bank of America lowered their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Barclays set a $28.00 price objective on shares of HP and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Evercore ISI lowered 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. Finally, Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, HP has an average rating of "Hold" and a consensus target price of $29.54.

HP Company 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.