Teacher Retirement System of Texas Has $24.73 Million Stock Position in HP Inc. (NYSE:HPQ)

Teacher Retirement System of Texas lessened its stake in HP Inc. (NYSE:HPQ - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 893,011 shares of the computer maker's stock after selling 20,675 shares during the period. Teacher Retirement System of Texas owned 0.09% of HP worth $24,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of HP by 71.6% in the 4th quarter. Fisher Asset Management LLC now owns 10,930 shares of the computer maker's stock valued at $357,000 after buying an additional 4,562 shares during the period. Jones Financial Companies Lllp increased its position in shares of HP by 43.9% during the fourth quarter. Jones Financial Companies Lllp now owns 103,672 shares of the computer maker's stock worth $3,383,000 after purchasing an additional 31,634 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in HP by 1.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,281 shares of the computer maker's stock valued at $923,000 after purchasing an additional 354 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of HP by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock worth $222,985,000 after buying an additional 90,606 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its stake in HP by 7.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 25,446 shares of the computer maker's stock worth $830,000 after purchasing an additional 1,687 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on HPQ shares. Barclays set a $28.00 target price on HP and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Morgan Stanley cut their target price on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. Citigroup dropped their price target 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. Finally, TD Cowen cut their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.54.

HP Stock Performance

Shares of NYSE:HPQ traded up $0.15 during trading hours on Friday, hitting $26.00. The stock had a trading volume of 4,740,176 shares, compared to its average volume of 7,929,317. The stock's fifty day simple moving average is $25.98 and its 200 day simple moving average is $28.78. The firm has a market capitalization of $24.42 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.09 and a beta of 1.27. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80.

HP (NYSE:HPQ - Get Free Report) last posted 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 company had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. HP's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is 44.40%.

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.