HP Inc. (NYSE:HPQ) Position Trimmed by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 6.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 716,599 shares of the computer maker's stock after selling 51,706 shares during the period. DekaBank Deutsche Girozentrale owned 0.08% of HP worth $19,554,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HPQ. Hourglass Capital LLC boosted its position in HP by 6.0% during the 1st quarter. Hourglass Capital LLC now owns 146,335 shares of the computer maker's stock worth $4,052,000 after purchasing an additional 8,330 shares during the period. Beverly Hills Private Wealth LLC boosted its position in HP by 27.1% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 58,113 shares of the computer maker's stock worth $1,609,000 after purchasing an additional 12,384 shares during the period. Crossmark Global Holdings Inc. boosted its position in HP by 3.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 700,567 shares of the computer maker's stock worth $19,399,000 after purchasing an additional 23,358 shares during the period. Envestnet Asset Management Inc. boosted its position in HP by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,807,410 shares of the computer maker's stock worth $50,047,000 after purchasing an additional 88,421 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in HP by 20.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,818 shares of the computer maker's stock worth $106,000 after purchasing an additional 643 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Down 1.1%

HPQ traded down $0.29 on Friday, hitting $25.44. 6,168,250 shares of the company's stock were exchanged, compared to its average volume of 7,956,265. The firm has a market cap of $23.90 billion, a PE ratio of 9.82, a P/E/G ratio of 2.08 and a beta of 1.27. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The stock has a fifty day moving average of $25.99 and a two-hundred day moving average of $28.48.

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

HP Announces Dividend

The business 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 $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio (DPR) is presently 44.79%.

Analysts Set New Price Targets

HPQ has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective 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. Citigroup decreased their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Bank of America decreased their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Barclays set a $28.00 price objective on shares of HP and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, UBS Group decreased their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.