Kintegral Advisory LLC Cuts Stake in HP Inc. (NYSE:HPQ)

Kintegral Advisory LLC lessened its holdings in HP Inc. (NYSE:HPQ - Free Report) by 32.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,103 shares of the computer maker's stock after selling 13,292 shares during the quarter. Kintegral Advisory LLC's holdings in HP were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HPQ. Geode Capital Management LLC boosted 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 buying an additional 579,525 shares in the last quarter. Amundi boosted its position in shares of HP by 15.9% during the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $217,319,000 after purchasing an additional 899,349 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of HP by 23.6% during the 4th quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock worth $20,864,000 after purchasing an additional 122,289 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HP during the 4th quarter worth $36,492,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of HP during the 4th quarter worth $9,481,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

HPQ has been the topic of a number of research analyst reports. Morgan Stanley decreased their price objective 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. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group decreased their price target on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Dbs Bank downgraded HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Finally, Evercore ISI decreased their price objective on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One equities research 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 presently has an average rating of "Hold" and a consensus price target of $29.54.

HP Price Performance

NYSE:HPQ traded down $0.64 on Monday, reaching $25.36. The stock had a trading volume of 6,715,205 shares, compared to its average volume of 7,938,713. The company has a market cap of $23.82 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 2.11 and a beta of 1.27. The firm's fifty day moving average is $25.99 and its two-hundred day moving average is $28.62. HP Inc. has a 12-month low of $21.21 and a 12-month 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 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 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, research analysts forecast 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. Investors 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 annualized dividend and a yield of 4.56%. HP's dividend payout ratio (DPR) is presently 44.79%.

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.