HP Inc. (NYSE:HPQ) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 64.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,672 shares of the computer maker's stock after buying an additional 24,082 shares during the quarter. Mediolanum International Funds Ltd's holdings in HP were worth $1,721,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. West Paces Advisors Inc. lifted its position in shares of HP by 3.2% during the fourth quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock worth $314,000 after purchasing an additional 298 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of HP by 0.8% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 45,729 shares of the computer maker's stock worth $1,492,000 after purchasing an additional 384 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock worth $561,000 after purchasing an additional 411 shares in the last quarter. SageView Advisory Group LLC lifted its position in shares of HP by 5.0% during the fourth quarter. SageView Advisory Group LLC now owns 8,919 shares of the computer maker's stock worth $291,000 after purchasing an additional 425 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of HP by 3.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 11,383 shares of the computer maker's stock worth $371,000 after purchasing an additional 428 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Up 0.6%

Shares of HP stock opened at $25.84 on Tuesday. The firm has a market capitalization of $24.27 billion, a P/E ratio of 9.98, a P/E/G ratio of 2.08 and a beta of 1.27. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The firm's 50 day moving average is $25.47 and its two-hundred day moving average is $27.80.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $13.22 billion during the quarter, compared to analysts' expectations of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. As a group, research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.48%. HP's dividend payout ratio (DPR) is presently 44.79%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America reduced their price target 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. Morgan Stanley reduced their target price on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Finally, Barclays set a $28.00 target price on shares of HP and gave the company an "equal weight" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.

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