MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 298,752 Shares of HP Inc. (NYSE:HPQ)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 141.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 510,239 shares of the computer maker's stock after buying an additional 298,752 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of HP worth $16,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Synergy Asset Management LLC acquired a new position in HP in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter worth approximately $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in HP during the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in HP during the 4th quarter worth $37,000. Finally, CoreCap Advisors LLC increased its position in HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after buying an additional 587 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HPQ shares. StockNews.com raised shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. cut their price objective on shares of HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. TD Cowen decreased their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Citigroup raised their price target on shares of HP from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company lifted their price target on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and an average target price of $33.67.

HP Price Performance

Shares of HP stock traded up $0.14 on Wednesday, hitting $29.12. The company had a trading volume of 1,771,508 shares, compared to its average volume of 7,875,268. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The company has a market cap of $27.45 billion, a PE ratio of 10.35, a PEG ratio of 2.96 and a beta of 1.32. The business has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $31.18.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. On average, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, June 11th. HP's dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at HP

In related news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction on Thursday, March 27th. The stock was 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 in the company, valued at $4,814.81. The trade was a 99.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is 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.