HP Inc. (NYSE:HPQ) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC cut its stake in HP Inc. (NYSE:HPQ - Free Report) by 86.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,801 shares of the computer maker's stock after selling 51,819 shares during the quarter. Stratos Wealth Advisors LLC's holdings in HP were worth $216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in HP by 2.3% during 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. Northern Trust Corp lifted its holdings in shares of HP by 15.8% during the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after purchasing an additional 1,755,942 shares during the last quarter. Invesco Ltd. increased its position in shares of HP by 7.3% in the 4th quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock valued at $310,351,000 after acquiring an additional 643,192 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in HP by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock worth $303,105,000 after purchasing an additional 707,742 shares during the period. Finally, Norges Bank acquired a new stake in shares of HP during the 4th quarter valued at about $229,320,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Price Performance

Shares of NYSE HPQ traded down $0.31 during mid-day trading on Tuesday, reaching $24.52. The company's stock had a trading volume of 6,708,968 shares, compared to its average volume of 7,962,659. The firm has a market capitalization of $23.03 billion, a PE ratio of 9.47, a P/E/G ratio of 2.06 and a beta of 1.27. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The stock has a fifty day moving average of $25.97 and a two-hundred day moving average of $28.35.

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

HP Announces Dividend

The firm also recently declared 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 4.72%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore ISI decreased their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. UBS Group cut their target price on shares of HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, May 29th. Morgan Stanley lowered their price target 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. Finally, Wells Fargo & Company cut their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $29.54.

HP Company 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.