Buck Wealth Strategies LLC Acquires New Position in HP Inc. (NYSE:HPQ)

Buck Wealth Strategies LLC bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,573 shares of the computer maker's stock, valued at approximately $902,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in HP during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new position in HP during the fourth quarter worth about $37,000. Financial Freedom LLC grew its position in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after buying an additional 878 shares during the period. Global X Japan Co. Ltd. acquired a new position in HP during the first quarter worth about $43,000. Finally, CoreCap Advisors LLC grew its position in HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after buying an additional 587 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Trading Down 0.7%

Shares of HPQ traded down $0.18 during mid-day trading on Monday, reaching $23.93. The company had a trading volume of 9,446,614 shares, compared to its average volume of 7,856,796. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 1.95 and a beta of 1.30. The firm has a fifty day simple moving average of $25.82 and a 200-day simple moving average of $29.34. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80.

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

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 4.84%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling

In related news, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This represents a 99.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on HPQ shares. UBS Group lowered their price target on shares of HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Wells Fargo & Company lowered their price target on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Evercore ISI lowered their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Barclays set a $28.00 price target on HP and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.