Unigestion Holding SA Invests $2.77 Million in HP Inc. (NYSE:HPQ)

Unigestion Holding SA bought a new position in HP Inc. (NYSE:HPQ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 100,000 shares of the computer maker's stock, valued at approximately $2,769,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HPQ. Stonebridge Financial Group LLC bought a new stake in HP during the 4th quarter worth approximately $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in HP during the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new stake in HP in the 4th quarter valued at $37,000. CoreCap Advisors LLC lifted its stake in HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after acquiring an additional 587 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in HP during the 4th quarter worth $50,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Down 2.0%

Shares of HP stock traded down $0.51 during trading on Thursday, hitting $24.67. 12,244,032 shares of the stock traded hands, compared to its average volume of 7,845,411. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The firm's fifty day moving average is $25.75 and its 200-day moving average is $30.45. The stock has a market cap of $23.26 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 2.96 and a beta of 1.32.

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 company had revenue of $13.22 billion during the quarter, compared to analysts' expectations of $13.09 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. HP's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a yield of 4.69%. HP's dividend payout ratio is currently 44.40%.

Analysts Set New Price Targets

HPQ has been the subject of several analyst reports. Barclays set a $28.00 target price on shares of HP and gave the company an "equal weight" rating in a report on Thursday, May 29th. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company reduced their price objective on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. Bank of America lowered their target price on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price target 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $29.54.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The transaction 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 value of $613,817.05. Following the transaction, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. The trade was a 99.22% decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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.