Impact Partnership Wealth LLC Sells 15,475 Shares of HP Inc. (NYSE:HPQ)

Impact Partnership Wealth LLC trimmed its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 46.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,024 shares of the computer maker's stock after selling 15,475 shares during the quarter. Impact Partnership Wealth LLC's holdings in HP were worth $499,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased 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 worth $825,398,000 after buying an additional 579,525 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in HP by 23.6% during the fourth quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock valued at $20,864,000 after acquiring an additional 122,289 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in HP during the fourth quarter valued at about $9,481,000. BayBridge Capital Group LLC bought a new stake in HP during the first quarter valued at about $1,505,000. Finally, National Bank of Canada FI boosted its holdings in HP by 71.7% during the fourth quarter. National Bank of Canada FI now owns 698,376 shares of the computer maker's stock valued at $22,788,000 after acquiring an additional 291,525 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Up 1.3%

NYSE:HPQ traded up $0.31 during mid-day trading on Friday, hitting $25.06. The company's stock had a trading volume of 7,173,134 shares, compared to its average volume of 7,970,502. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 2.03 and a beta of 1.27. The stock has a fifty day moving average of $25.86 and a 200-day moving average of $28.19.

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 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 business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. On average, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal 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 issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is 44.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America decreased their price target on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Morgan Stanley decreased their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. TD Cowen decreased their price target on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Finally, KGI Securities initiated coverage on shares of HP in a research note on Thursday, May 29th. They issued a "neutral" rating for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus 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.