Robeco Institutional Asset Management B.V. Grows Position in HP Inc. (NYSE:HPQ)

Robeco Institutional Asset Management B.V. boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,680,753 shares of the computer maker's stock after buying an additional 75,706 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.18% of HP worth $46,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HPQ. Geode Capital Management LLC raised its holdings in shares of HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after purchasing an additional 579,525 shares during the last quarter. Northern Trust Corp grew its position in HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after purchasing an additional 1,755,942 shares during the period. Invesco Ltd. raised its stake in HP by 7.3% during the 4th quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock valued at $310,351,000 after buying an additional 643,192 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of HP by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock valued at $303,105,000 after buying an additional 707,742 shares during the period. Finally, Norges Bank purchased a new position in shares of HP in the 4th quarter worth $229,320,000. Institutional investors own 77.53% of the company's stock.

HP Price Performance

Shares of NYSE HPQ opened at $24.73 on Friday. The stock has a market cap of $23.23 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.99 and a beta of 1.30. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The firm has a fifty day moving average price of $25.88 and a 200-day moving average price of $29.11.

HP (NYSE:HPQ - Get Free Report) last announced 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). The firm had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. HP's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. On average, research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.68%. HP's dividend payout ratio is 44.79%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HPQ. Citigroup reduced their price objective on HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. KGI Securities initiated coverage on shares of HP in a research report on Thursday, May 29th. They set a "neutral" rating for the company. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. 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 report on Thursday, May 29th. Finally, Wells Fargo & Company decreased their price target on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.

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