QRG Capital Management Inc. Has $2.27 Million Stock Holdings in HP Inc. (NYSE:HPQ)

QRG Capital Management Inc. trimmed its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 19.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,109 shares of the computer maker's stock after selling 19,287 shares during the quarter. QRG Capital Management Inc.'s holdings in HP were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of HP during the 4th quarter worth $36,000. OFI Invest Asset Management acquired a new stake in HP in the 4th quarter worth approximately $37,000. CoreCap Advisors LLC lifted its position in HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after acquiring an additional 587 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of HP in the fourth quarter worth about $55,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of HP by 57.2% in the first quarter. ST Germain D J Co. Inc. now owns 1,988 shares of the computer maker's stock valued at $55,000 after acquiring an additional 723 shares during the period. 77.53% of the stock is owned by institutional investors.

HP Price Performance

NYSE HPQ traded down $0.18 on Monday, hitting $23.93. 9,446,614 shares of the stock were exchanged, compared to its average volume of 7,856,796. The company has a market capitalization of $22.48 billion, a PE ratio of 9.24, a P/E/G ratio of 1.95 and a beta of 1.30. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The business's fifty day moving average is $25.82 and its 200 day moving average is $29.34.

HP (NYSE:HPQ - Get Free Report) last posted 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 company 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. Analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.84%. HP's payout ratio is 44.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HPQ shares. Citigroup lowered their price objective on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. cut their target price 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. Morgan Stanley reduced their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. Barclays set a $28.00 price target on shares of HP and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, HP presently has an average rating of "Hold" and a consensus target price of $29.54.

Insider Activity at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction 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 sale, the insider now owns 169 shares of the company's stock, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

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.