HP Inc. (NYSE:HPQ) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 716,599 shares of the computer maker's stock after selling 51,706 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.08% of HP worth $19,554,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HPQ. Proficio Capital Partners LLC acquired a new position in shares of HP in the fourth quarter valued at approximately $211,000. Raymond James Financial Inc. acquired a new position in shares of HP in the fourth quarter valued at approximately $36,492,000. PNC Financial Services Group Inc. increased its stake in shares of HP by 0.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 413,617 shares of the computer maker's stock valued at $13,496,000 after buying an additional 1,245 shares during the period. AlphaQuest LLC increased its stake in shares of HP by 119,194.7% in the fourth quarter. AlphaQuest LLC now owns 22,666 shares of the computer maker's stock valued at $740,000 after buying an additional 22,647 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in HP by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 126,460 shares of the computer maker's stock valued at $4,126,000 after acquiring an additional 7,018 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Price Performance

Shares of NYSE HPQ traded down $0.29 during mid-day trading on Friday, reaching $25.44. The company's stock had a trading volume of 6,168,250 shares, compared to its average volume of 7,961,712. The stock has a fifty day moving average of $25.99 and a two-hundred day moving average of $28.41. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The firm has a market capitalization of $23.90 billion, a PE ratio of 9.82, a P/E/G ratio of 2.06 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 (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $13.09 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

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 is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.55%. HP's payout ratio is 44.79%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group reduced their target price on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Bank of America lowered their price target on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Citigroup decreased their target price on HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. KGI Securities initiated coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating for the company. Finally, Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. One investment 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $29.54.

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.