HP Inc. (NYSE:HPQ) Shares Bought by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC grew its position in HP Inc. (NYSE:HPQ) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,940 shares of the computer maker’s stock after purchasing an additional 684 shares during the quarter. International Private Wealth Advisors LLC’s holdings in HP were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in HP in the fourth quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of HP during the 4th quarter worth about $36,000. OFI Invest Asset Management purchased a new stake in HP during the fourth quarter worth approximately $37,000. CoreCap Advisors LLC boosted its holdings in HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock valued at $46,000 after purchasing an additional 587 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in HP in the fourth quarter valued at approximately $50,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HPQ shares. Loop Capital reduced their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Evercore ISI reduced their price target on shares of HP from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Bank of America decreased their price objective on shares of HP from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. UBS Group cut their target price on HP from $37.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. Finally, Morgan Stanley reduced their target price on HP from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.54.

HP Stock Up 1.9%

HPQ opened at $25.18 on Monday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The business has a 50 day moving average price of $25.64 and a two-hundred day moving average price of $30.19. The company has a market cap of $23.65 billion, a PE ratio of 8.96, a P/E/G ratio of 2.96 and a beta of 1.30.

HP (NYSE:HPQ) last announced its quarterly earnings data 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 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.22 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the previous year, the business earned $0.82 EPS. HP’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, June 11th. HP’s dividend payout ratio is presently 44.40%.

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.