ING Groep NV Buys 610,136 Shares of HP Inc. (NYSE:HPQ)

ING Groep NV raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 551.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 720,725 shares of the computer maker's stock after purchasing an additional 610,136 shares during the period. ING Groep NV owned 0.07% of HP worth $21,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker's stock valued at $3,019,999,000 after purchasing an additional 12,883,347 shares during the last quarter. Northern Trust Corp raised its position in shares of HP by 6.2% during the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker's stock valued at $260,381,000 after buying an additional 589,775 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker's stock valued at $286,352,000 after buying an additional 9,294,209 shares in the last quarter. Invesco Ltd. raised its position in shares of HP by 13.8% during the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker's stock valued at $211,257,000 after buying an additional 995,132 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of HP by 145.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker's stock valued at $156,535,000 after buying an additional 3,613,742 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

HP Price Performance

Shares of NYSE:HPQ traded up $0.12 during trading on Friday, reaching $31.19. 4,618,189 shares of the company were exchanged, compared to its average volume of 6,210,837. The firm has a market capitalization of $30.59 billion, a PE ratio of 9.12, a P/E/G ratio of 2.60 and a beta of 1.06. The business's fifty day simple moving average is $29.32 and its 200-day simple moving average is $29.17. HP Inc. has a 12-month low of $25.22 and a 12-month high of $33.90.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts' consensus estimates of $0.81. The business had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, sell-side analysts anticipate that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, June 12th. HP's dividend payout ratio (DPR) is presently 32.16%.

Insider Activity

In related news, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the transaction, the director now directly owns 60,216 shares of the company's stock, valued at $1,807,082.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,723 shares of company stock worth $3,479,287. Corporate insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPQ. HSBC upgraded shares of HP from a "hold" rating to a "buy" rating and upped their target price for the company from $30.00 to $33.00 in a research report on Wednesday, February 14th. Barclays upped their target price on shares of HP from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Thursday, February 29th. Bank of America increased their price objective on shares of HP from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, StockNews.com lowered shares of HP from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.33.

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.

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