Havemeyer Place LP purchased a new position in shares of HP Inc. (NYSE:HPQ – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 63,885 shares of the computer maker’s stock, valued at approximately $1,423,000.
A number of other large investors also recently made changes to their positions in the business. IHT Wealth Management LLC lifted its stake in shares of HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares during the period. Vident Advisory LLC lifted its stake in shares of HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares during the period. Personal CFO Solutions LLC lifted its stake in shares of HP by 2.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock worth $585,000 after purchasing an additional 459 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of HP by 0.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after purchasing an additional 470 shares during the period. Finally, Vise Technologies Inc. lifted its stake in shares of HP by 2.4% during the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.
HP Trading Up 0.0%
HPQ opened at $25.59 on Monday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The stock has a market cap of $23.40 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 4.32 and a beta of 1.16. The business’s 50 day moving average is $21.41 and its 200-day moving average is $21.20.
HP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. HP’s dividend payout ratio is currently 44.28%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. UBS Group lifted their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, TD Cowen lifted their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $23.33.
View Our Latest Stock Analysis on HPQ
HP Company Profile
HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.
Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.
Featured Articles
- Five stocks we like better than HP
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ – Free Report).
Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.
