Stephens Inc. AR Boosts Stock Position in HP Inc. (NYSE:HPQ)

Stephens Inc. AR lifted its position in HP Inc. (NYSE:HPQ - Free Report) by 35.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 306,936 shares of the computer maker's stock after buying an additional 80,681 shares during the quarter. Stephens Inc. AR's holdings in HP were worth $8,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HPQ. Geode Capital Management LLC grew its stake in HP by 2.3% during the 4th 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 in the last quarter. Northern Trust Corp grew its stake in HP by 15.8% during 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 in the last quarter. Invesco Ltd. grew 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 worth $310,351,000 after purchasing an additional 643,192 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 worth $303,105,000 after purchasing an additional 707,742 shares in the last quarter. Finally, Norges Bank acquired a new position in HP during the 4th quarter worth $229,320,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on HPQ. Wells Fargo & Company lowered their target price on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. Evercore ISI decreased their target price on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Dbs Bank cut HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. TD Cowen decreased their target price on HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Finally, Bank of America decreased their target price on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, HP currently has an average rating of "Hold" and a consensus target price of $29.54.

HP Stock Down 1.1%

HPQ opened at $25.44 on Monday. The business has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $28.41. The company has a market cap of $23.90 billion, a PE ratio of 9.82, a P/E/G ratio of 2.06 and a beta of 1.27. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $13.22 billion for the quarter, compared to analysts' expectations of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 earnings per share. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.40%.

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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