Cwm LLC Has $1.40 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Cwm LLC grew its holdings in HP Inc. (NYSE:HPQ - Free Report) by 39.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,646 shares of the computer maker's stock after acquiring an additional 14,435 shares during the quarter. Cwm LLC's holdings in HP were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of HP during the 4th quarter valued at $36,000. Iron Horse Wealth Management LLC acquired a new stake in HP during the first quarter worth about $39,000. Financial Freedom LLC increased its stake in HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after acquiring an additional 878 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after buying an additional 947 shares in the last quarter. Finally, Global X Japan Co. Ltd. acquired a new position in HP during the first quarter worth about $43,000. Institutional investors own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HPQ shares. JPMorgan Chase & Co. reduced their price target on shares of HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, May 29th. Wells Fargo & Company cut their target price 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. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group cut their price target 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, Bank of America dropped their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, HP presently has an average rating of "Hold" and a consensus price target of $29.54.

HP Stock Performance

Shares of HPQ opened at $25.06 on Monday. The firm has a market cap of $23.54 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.80. The business's 50 day moving average price is $25.86 and its two-hundred day moving average price is $28.13.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. HP's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. Research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal 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 issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.62%. HP's dividend payout ratio is 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.

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