Vontobel Holding Ltd. Sells 56,612 Shares of HP Inc. (NYSE:HPQ)

Vontobel Holding Ltd. decreased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 45.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,786 shares of the computer maker's stock after selling 56,612 shares during the quarter. Vontobel Holding Ltd.'s holdings in HP were worth $1,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of HP during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new position in shares of HP during the 4th quarter worth $37,000. Financial Freedom LLC grew its position 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 worth $42,000 after buying an additional 878 shares in the last quarter. Golden State Wealth Management LLC grew its position 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 worth $42,000 after buying an additional 947 shares in the last quarter. Finally, Global X Japan Co. Ltd. bought a new stake in HP during the first quarter valued at about $43,000. Institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HPQ shares. Citigroup dropped their price objective on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. KGI Securities started coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating on the stock. UBS Group dropped their price objective on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. TD Cowen dropped their price objective on HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Finally, Evercore ISI dropped their price objective on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, HP presently has a consensus rating of "Hold" and an average target price of $29.54.

HP Stock Performance

HP stock opened at $26.00 on Friday. The stock has a 50-day moving average of $25.99 and a two-hundred day moving average of $28.73. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The stock has a market cap of $24.42 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.45%. HP's dividend payout ratio is currently 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.

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