Choreo LLC Sells 17,269 Shares of HP Inc. (NYSE:HPQ)

Choreo LLC lessened its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,094 shares of the computer maker's stock after selling 17,269 shares during the period. Choreo LLC's holdings in HP were worth $2,134,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HPQ. Marshall & Sterling Wealth Advisors Inc. acquired a new position in HP in the 4th quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of HP in the first quarter valued at about $35,000. CoreCap Advisors LLC increased its stake in shares of HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after purchasing an additional 587 shares during the period. Iron Horse Wealth Management LLC acquired a new position in shares of HP during the 1st quarter worth about $39,000. Finally, Financial Freedom LLC boosted its stake in HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after purchasing an additional 878 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 0.1%

HP stock traded down $0.03 during mid-day trading on Friday, hitting $25.67. 6,327,158 shares of the company were exchanged, compared to its average volume of 7,437,534. The company has a market capitalization of $24.11 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. The business has a fifty day moving average of $25.54 and a 200 day moving average of $27.89. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its 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). The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.51%. HP's dividend payout ratio is 44.40%.

Analyst Upgrades and Downgrades

HPQ has been the subject of several research reports. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup reduced their price target 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. Evercore ISI dropped their price objective on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. TD Cowen decreased their target price on HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Finally, Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. One 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 company presently has a consensus rating of "Hold" and a consensus target price of $29.54.

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.