Victory Capital Management Inc. lifted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 39.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,366,375 shares of the computer maker's stock after purchasing an additional 384,505 shares during the period. Victory Capital Management Inc. owned 0.14% of HP worth $37,835,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased 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 acquiring an additional 579,525 shares during the period. Gotham Asset Management LLC boosted its holdings 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 in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of HP during the 4th quarter valued at $9,481,000. BayBridge Capital Group LLC acquired a new stake in shares of HP during the 1st quarter valued at $1,505,000. Finally, National Bank of Canada FI lifted its holdings in HP by 71.7% during the 4th quarter. National Bank of Canada FI now owns 698,376 shares of the computer maker's stock worth $22,788,000 after buying an additional 291,525 shares during the period. Institutional investors own 77.53% of the company's stock.
HP Stock Performance
HP stock opened at $25.06 on Friday. The stock has a market cap of $23.54 billion, a P/E ratio of 9.68, a PEG ratio of 2.03 and a beta of 1.27. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The firm's fifty day moving average price is $25.86 and its 200-day moving average price is $28.16.
HP (NYSE:HPQ - Get Free Report) last released its 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). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current year.
HP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.62%. HP's payout ratio is presently 44.79%.
Analyst Ratings Changes
Several research analysts have commented on the company. Evercore ISI cut their target price on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Barclays set a $28.00 price objective on HP and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Bank of America cut 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. KGI Securities started coverage on HP in a research note on Thursday, May 29th. They issued a "neutral" rating on the stock. Finally, Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $29.54.
Get Our Latest Stock Report on HPQ
HP Profile
(
Free Report)
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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