Universal Beteiligungs und Servicegesellschaft mbH Buys 91,308 Shares of HP Inc. (NYSE:HPQ)

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,040,787 shares of the computer maker's stock after acquiring an additional 91,308 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of HP worth $56,509,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HPQ. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP in the first quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of HP during the 4th quarter valued at about $36,000. Iron Horse Wealth Management LLC acquired a new position in shares of HP during the 1st quarter valued at about $39,000. Financial Freedom LLC increased its holdings in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after acquiring an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of HP by 165.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after acquiring an additional 947 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barclays set a $28.00 target price on shares of HP and gave the company an "equal weight" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. lowered their target price on shares of HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, May 29th. Finally, Wells Fargo & Company lowered their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and a consensus target price of $29.54.

HP Price Performance

Shares of HPQ stock traded down $0.03 on Friday, reaching $25.67. 6,327,158 shares of the stock were exchanged, compared to its average volume of 7,437,534. The stock has a market cap of $24.11 billion, a PE ratio of 9.91, a P/E/G ratio of 2.08 and a beta of 1.27. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The stock has a 50 day moving average price of $25.54 and a 200 day moving average price of $27.89.

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). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business had revenue of $13.22 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a yield of 4.51%. HP's dividend payout ratio (DPR) is presently 44.79%.

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.