Kintegral Advisory LLC Has $758,000 Position in HP Inc. (NYSE:HPQ)

Kintegral Advisory LLC lowered its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HPQ. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of HP during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new stake in HP in the 4th quarter valued at approximately $37,000. Financial Freedom LLC raised its position in HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after buying an additional 878 shares during the last quarter. Golden State Wealth Management LLC raised its position in HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after buying an additional 947 shares during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new stake in HP in the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Up 0.6%

Shares of NYSE HPQ traded up $0.15 during midday trading on Friday, hitting $26.00. 4,740,176 shares of the company's stock were exchanged, compared to its average volume of 7,943,629. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The company's 50 day moving average price is $25.99 and its 200 day moving average price is $28.70. The firm has a market capitalization of $24.42 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

HP (NYSE:HPQ - Get Free Report) last issued its 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). HP had a negative return on equity of 244.99% and a net margin of 4.64%. The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current 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 paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.45%. HP's dividend payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HPQ. Evercore ISI dropped their target price on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Barclays set a $28.00 target price on HP and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Citigroup dropped their target price on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Bank of America decreased their price target on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Morgan Stanley decreased their price target on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company 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.