HP Inc. (NYSE:HPQ) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in HP Inc. by 2.4%, acquiring an additional 189,969 shares, bringing its total ownership to over 8.24 million shares valued at approximately $228.2 million.
• Recent analyst ratings show mixed sentiments for HP Inc., with Wells Fargo lowering its price target from $35.00 to $25.00, and Wall Street Zen upgrading it from "hold" to "buy."
• HP Inc. declared a quarterly dividend of $0.2894 per share, resulting in an annualized yield of 4.4%, with the next payment scheduled for October 1st.

Deutsche Bank AG lifted its position in HP Inc. (NYSE:HPQ - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,241,378 shares of the computer maker's stock after purchasing an additional 189,969 shares during the period. Deutsche Bank AG owned about 0.87% of HP worth $228,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HPQ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP during the 1st quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in HP in the 4th quarter worth about $36,000. Iron Horse Wealth Management LLC acquired a new stake in HP in the first quarter valued at approximately $39,000. Financial Freedom LLC grew its holdings 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 purchasing an additional 878 shares during the period. Finally, Golden State Wealth Management LLC increased its position in shares of 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. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Up 3.0%

NYSE:HPQ traded up $0.76 on Friday, reaching $26.11. The company's stock had a trading volume of 7,075,058 shares, compared to its average volume of 7,244,237. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a 50 day moving average price of $25.05 and a 200 day moving average price of $27.32. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The company had revenue of $13.22 billion during 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%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HPQ. Citigroup dropped their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. KGI Securities initiated coverage on shares of HP in a research note on Thursday, May 29th. They set a "neutral" rating for the company. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Evercore ISI reduced their target price on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley lowered their price target on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.