SBI Securities Co. Ltd. Sells 44,998 Shares of HP Inc. (NYSE:HPQ)

SBI Securities Co. Ltd. reduced its holdings in HP Inc. (NYSE:HPQ - Free Report) by 77.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,290 shares of the computer maker's stock after selling 44,998 shares during the period. SBI Securities Co. Ltd.'s holdings in HP were worth $368,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of HP by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after purchasing an additional 579,525 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of HP by 23.6% in the fourth quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock valued at $20,864,000 after purchasing an additional 122,289 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of HP in the fourth quarter valued at $9,481,000. BayBridge Capital Group LLC acquired a new position in shares of HP in the first quarter valued at $1,505,000. Finally, National Bank of Canada FI raised its stake in shares of HP by 71.7% in the fourth quarter. National Bank of Canada FI now owns 698,376 shares of the computer maker's stock valued at $22,788,000 after purchasing an additional 291,525 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

HP Price Performance

Shares of HPQ stock traded up $0.19 during trading hours on Thursday, hitting $24.75. 6,754,538 shares of the company's stock were exchanged, compared to its average volume of 7,952,601. The stock's 50-day moving average is $25.92 and its 200-day moving average is $28.30. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $13.22 billion during 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%. HP's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. Equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of recent research reports. KGI Securities initiated coverage on HP in a research note on Thursday, May 29th. They issued a "neutral" rating for the company. Dbs Bank cut HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Bank of America lowered their price target on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. 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 report on Thursday, May 29th. Finally, Barclays set a $28.00 price target on HP and gave the company an "equal weight" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.