HP Inc. (NYSE:HPQ) Holdings Lifted by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the computer maker's stock after acquiring an additional 15,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in HP were worth $2,215,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in HP during the 4th quarter valued at about $36,000. OFI Invest Asset Management bought a new stake in shares of HP in the fourth quarter worth approximately $37,000. CoreCap Advisors LLC grew its position in HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after buying an additional 587 shares during the period. Financial Freedom LLC grew its position in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after buying an additional 878 shares during the period. Finally, Golden State Wealth Management LLC grew its position in HP by 165.3% during 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 during the period. Institutional investors own 77.53% of the company's stock.

HP Stock Up 0.6%

Shares of NYSE HPQ traded up $0.15 during mid-day trading on Friday, hitting $26.00. 4,740,176 shares of the company were exchanged, compared to its average volume of 7,943,629. The stock has a 50 day simple moving average of $25.99 and a 200-day simple moving average of $28.73. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 4.45%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Bank of America cut their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Evercore ISI cut their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. KGI Securities assumed coverage on shares of HP in a report on Thursday, May 29th. They issued a "neutral" rating on the stock. Finally, Citigroup lowered their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research note on Thursday, May 29th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.