HP Inc. (NYSE:HPQ) Stock Position Increased by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 14.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 165,042 shares of the computer maker's stock after acquiring an additional 21,033 shares during the quarter. Cetera Investment Advisers' holdings in HP were worth $4,570,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in HP in the first quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP during the fourth quarter valued at $36,000. Iron Horse Wealth Management LLC bought a new position in HP during the first quarter valued at $39,000. Financial Freedom LLC boosted its holdings in shares of HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after acquiring an additional 878 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after acquiring an additional 947 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research analyst reports. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. TD Cowen decreased 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. KGI Securities started coverage on HP in a research report on Thursday, May 29th. They issued a "neutral" rating on the stock. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Finally, Evercore ISI reduced their price objective on HP from $40.00 to $32.00 and set an "outperform" rating for the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.54.

HP Stock Performance

Shares of HPQ stock traded up $0.08 on Tuesday, reaching $25.05. 6,280,277 shares of the company were exchanged, compared to its average volume of 7,154,721. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The company has a market cap of $23.53 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 2.02 and a beta of 1.29. The business has a 50-day moving average price of $25.13 and a 200 day moving average price of $27.53.

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 company had revenue of $13.22 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same quarter last year, the business posted $0.82 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.6%. HP's dividend payout ratio is presently 44.79%.

HP 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.