Crossmark Global Holdings Inc. Increases Stake in HP Inc. (NYSE:HPQ)

Crossmark Global Holdings Inc. boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 700,567 shares of the computer maker's stock after buying an additional 23,358 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.07% of HP worth $19,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in HP by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after purchasing an additional 579,525 shares during the last quarter. Northern Trust Corp grew its position in shares of HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after buying an additional 1,755,942 shares during the last quarter. Invesco Ltd. raised its stake in HP by 7.3% during the 4th quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock worth $310,351,000 after acquiring an additional 643,192 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of HP by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock worth $303,105,000 after purchasing an additional 707,742 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of HP in the 4th quarter valued at about $229,320,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on HPQ. Wells Fargo & Company reduced their price target on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research report on Thursday, May 29th. Barclays set a $28.00 target price on shares of HP and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. 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. UBS Group lowered their target price on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. decreased their price target on HP from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $29.54.

HP Price Performance

HPQ traded up $0.12 during trading on Thursday, reaching $25.74. 7,606,895 shares of the stock were exchanged, compared to its average volume of 7,948,063. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The business's 50 day moving average price is $26.00 and its two-hundred day moving average price is $28.58. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 2.09 and a beta of 1.27.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The business 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 company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. On average, analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio is presently 44.79%.

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.