Neville Rodie & Shaw Inc. Has $402,000 Position in HP Inc. (NYSE:HPQ)

Neville Rodie & Shaw Inc. lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 48.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,500 shares of the computer maker's stock after selling 13,532 shares during the period. Neville Rodie & Shaw Inc.'s holdings in HP were worth $402,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in HP by 46.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 6,510 shares of the computer maker's stock valued at $180,000 after purchasing an additional 2,065 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of HP by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 259,257 shares of the computer maker's stock valued at $8,460,000 after buying an additional 28,910 shares during the last quarter. 111 Capital acquired a new stake in shares of HP during the 4th quarter valued at about $557,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of HP by 4.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 245,182 shares of the computer maker's stock valued at $8,000,000 after buying an additional 11,213 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of HP during the 4th quarter valued at about $10,421,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Activity

In other HP news, insider Anneliese Olson sold 21,545 shares of the company's 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 of the company's stock, valued at $4,814.81. This represents a 99.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 15,646 shares of the company's stock in a transaction 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. 0.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HPQ. KGI Securities began coverage on shares of HP in a research note on Thursday. They issued a "neutral" rating for the company. Loop Capital reduced their target price on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barclays set a $28.00 price objective on shares of HP and gave the company an "equal weight" rating in a research note on Thursday. Finally, Evercore ISI reduced their price target on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $29.54.

HP Price Performance

Shares of NYSE HPQ traded down $0.07 during trading hours on Friday, hitting $24.88. 16,291,226 shares of the company's stock were exchanged, compared to its average volume of 7,824,290. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 2.96 and a beta of 1.32. The company's 50-day moving average price is $25.95 and its 200-day moving average price is $30.69.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Wednesday, June 11th. HP's dividend payout ratio is currently 41.37%.

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.