Beverly Hills Private Wealth LLC Has $1.61 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Beverly Hills Private Wealth LLC grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 27.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,113 shares of the computer maker's stock after buying an additional 12,384 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in HP were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPQ. Norges Bank bought a new stake in shares of HP during the 4th quarter worth about $229,320,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HP during the 4th quarter worth about $63,612,000. Northern Trust Corp raised its position in shares of HP by 15.8% during the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after buying an additional 1,755,942 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of HP in the 4th quarter worth approximately $55,915,000. Finally, Freestone Grove Partners LP acquired a new position in shares of HP in the 4th quarter worth approximately $50,957,000. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. KGI Securities assumed coverage on shares of HP in a research note on Thursday, May 29th. They issued a "neutral" rating on the stock. Barclays set a $28.00 price objective on shares of HP and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. UBS Group lowered their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research note 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 on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, HP presently has an average rating of "Hold" and a consensus price target of $29.54.

HP Stock Up 1.8%

Shares of HPQ stock traded up $0.45 during trading hours on Tuesday, reaching $25.79. 2,429,678 shares of the stock traded hands, compared to its average volume of 7,918,049. 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 $25.99 and a 200 day moving average price of $28.62. The firm has a market capitalization of $24.22 billion, a PE ratio of 9.92, a PEG ratio of 2.11 and a beta of 1.27.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. Research analysts expect 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 $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a yield of 4.49%. HP's dividend payout ratio is presently 44.40%.

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.