HP Inc. (NYSE:HPQ) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 340,600 shares of the computer maker's stock after selling 26,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in HP were worth $9,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HPQ. Allspring Global Investments Holdings LLC increased its stake in HP by 293.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 191,135 shares of the computer maker's stock worth $6,206,000 after acquiring an additional 142,501 shares during the last quarter. New Mexico Educational Retirement Board increased its position in HP by 10.4% during the 4th quarter. New Mexico Educational Retirement Board now owns 46,608 shares of the computer maker's stock worth $1,521,000 after purchasing an additional 4,400 shares in the last quarter. Principal Securities Inc. increased its position in HP by 20.3% during the 4th quarter. Principal Securities Inc. now owns 18,613 shares of the computer maker's stock worth $607,000 after purchasing an additional 3,146 shares in the last quarter. Allworth Financial LP raised its holdings in HP by 7.3% in the fourth quarter. Allworth Financial LP now owns 43,276 shares of the computer maker's stock valued at $1,434,000 after buying an additional 2,962 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in HP during the fourth quarter valued at approximately $639,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the transaction, the insider now owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HPQ shares. TD Cowen dropped their price objective on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. UBS Group cut their price objective on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their target price on HP from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, May 29th. Finally, Morgan Stanley dropped their target price on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $29.54.

HP Price Performance

HPQ traded up $0.01 on Friday, reaching $24.19. The company's stock had a trading volume of 5,747,178 shares, compared to its average volume of 7,841,131. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The business's 50 day moving average is $25.81 and its 200 day moving average is $29.52. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30.

HP (NYSE:HPQ - Get Free Report) last released 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 net margin of 4.64% and a negative return on equity of 244.99%. The business had revenue of $13.22 billion for the quarter, compared to analysts' expectations of $13.09 billion. During the same quarter last year, the company posted $0.82 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is currently 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.