197,778 Shares in HP Inc. (NYSE:HPQ) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in HP Inc. (NYSE:HPQ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 197,778 shares of the computer maker's stock, valued at approximately $5,476,000.

Several other hedge funds also recently bought and sold shares of HPQ. Proficio Capital Partners LLC purchased a new position in shares of HP in the 4th quarter worth $211,000. Harbour Investments Inc. grew its stake in shares of HP by 17.7% in the 4th quarter. Harbour Investments Inc. now owns 3,236 shares of the computer maker's stock worth $106,000 after buying an additional 487 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of HP by 4.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 66,878 shares of the computer maker's stock worth $2,259,000 after purchasing an additional 2,650 shares during the period. Virtu Financial LLC purchased a new position in shares of HP during the 4th quarter worth about $522,000. Finally, Mizuho Securities USA LLC boosted its stake in shares of HP by 43.9% during the 4th quarter. Mizuho Securities USA LLC now owns 91,339 shares of the computer maker's stock worth $2,980,000 after purchasing an additional 27,885 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Stock Down 0.9%

Shares of HP stock traded down $0.25 on Thursday, hitting $25.64. The company's stock had a trading volume of 3,296,431 shares, compared to its average volume of 8,327,308. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The firm has a fifty day moving average price of $25.67 and a 200-day moving average price of $28.04. The company has a market capitalization of $24.08 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 2.06 and a beta of 1.27.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The firm had revenue of $13.22 billion during 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%. HP's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. As a group, analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business 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 dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio is currently 44.40%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HPQ. Evercore ISI dropped their price target 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. Barclays set a $28.00 price target on shares of HP and gave the company an "equal weight" rating in a report on Thursday, May 29th. KGI Securities began coverage on shares of HP in a research note on Thursday, May 29th. They set a "neutral" rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of HP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, May 29th. Finally, Morgan Stanley reduced their price objective on shares of 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 given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, HP has an average 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.