Natixis Advisors LLC Has $15.52 Million Holdings in HP Inc. (NYSE:HPQ)

Key Points

• Natixis Advisors LLC significantly reduced its stake in HP Inc. by 44.4% in the first quarter, holding approximately 560,558 shares worth $15.5 million after selling over 447,621 shares.
• HP reported $0.71 earnings per share (EPS) for its last quarter, falling short of the $0.80 consensus estimate, though its revenue of $13.22 billion exceeded expectations.
• The company has declared a quarterly dividend of $0.2894 per share, resulting in a dividend yield of 4.7%, with payment scheduled for October 1st.

Natixis Advisors LLC trimmed its position in HP Inc. (NYSE:HPQ - Free Report) by 44.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,558 shares of the computer maker's stock after selling 447,621 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of HP worth $15,522,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Howard Capital Management Inc. lifted its holdings in HP by 0.7% in the first quarter. Howard Capital Management Inc. now owns 130,816 shares of the computer maker's stock valued at $3,622,000 after buying an additional 848 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of HP during the first quarter worth $1,689,000. XTX Topco Ltd bought a new stake in HP in the first quarter valued at about $417,000. Banque Cantonale Vaudoise acquired a new position in HP in the first quarter valued at about $3,927,000. Finally, Meeder Asset Management Inc. grew its position in shares of HP by 173.6% during the 1st quarter. Meeder Asset Management Inc. now owns 22,180 shares of the computer maker's stock worth $614,000 after buying an additional 14,072 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Trading Up 1.2%

HPQ stock traded up $0.31 during trading hours on Thursday, hitting $25.32. 7,865,555 shares of the stock were exchanged, compared to its average volume of 8,274,940. The company has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $27.50. The firm has a market capitalization of $23.78 billion, a P/E ratio of 9.78, a P/E/G ratio of 2.03 and a beta of 1.29. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced 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 business had revenue of $13.22 billion for 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 quarter in the previous year, the company earned $0.82 EPS. On average, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several analyst reports. Barclays set a $28.00 target price on shares of HP and gave the stock an "equal weight" rating in a report on Thursday, May 29th. KGI Securities initiated coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating on the stock. Morgan Stanley decreased their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, May 29th. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, UBS Group lowered their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $29.54.

About HP

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.