Siemens Fonds Invest GmbH Has $49,000 Position in HP Inc. (NYSE:HPQ)

Siemens Fonds Invest GmbH cut its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 86.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,501 shares of the computer maker's stock after selling 9,278 shares during the quarter. Siemens Fonds Invest GmbH's holdings in HP were worth $49,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after purchasing an additional 579,525 shares during the period. Amundi grew its position in shares of HP by 15.9% during the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $217,319,000 after buying an additional 899,349 shares during the period. Raymond James Financial Inc. bought a new stake in shares of HP in the 4th quarter valued at $36,492,000. Gotham Asset Management LLC lifted its position in shares of HP by 23.6% during the 4th quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock valued at $20,864,000 after acquiring an additional 122,289 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in HP by 4.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker's stock worth $14,581,000 after acquiring an additional 18,557 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HP

In related news, insider Stephanie Liebman sold 15,646 shares of the company'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 transaction of $453,734.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

HP Stock Performance

Shares of NYSE:HPQ opened at $29.34 on Monday. The company has a market capitalization of $27.65 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. The company's 50-day moving average is $26.14 and its 200 day moving average is $31.25. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, June 11th. HP's payout ratio is currently 41.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HPQ. Citigroup upped their price objective on shares of HP from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. dropped their price target on HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Loop Capital lowered their target price on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Finally, StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $34.17.

HP 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.

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