HP Inc. (NYSE:HPQ) Stock Position Increased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its position in HP Inc. (NYSE:HPQFree Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,498 shares of the computer maker’s stock after purchasing an additional 2,086 shares during the period. First Trust Direct Indexing L.P.’s holdings in HP were worth $922,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its holdings in HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after buying an additional 397 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of HP during the fourth quarter valued at about $28,000. Sawyer & Company Inc raised its stake in shares of HP by 900.0% during the first quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Janiczek Wealth Management LLC grew its position in HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Finally, Rise Advisors LLC lifted its stake in shares of HP by 377.9% in the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock worth $32,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

NYSE HPQ opened at $34.85 on Friday. HP Inc. has a twelve month low of $25.22 and a twelve month high of $39.52. The firm’s 50 day moving average price is $33.27 and its two-hundred day moving average price is $30.72. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.22 and a beta of 1.09.

HP (NYSE:HPQGet Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The computer maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.61 billion. HP had a net margin of 5.60% and a negative return on equity of 230.39%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. On average, research analysts forecast that HP Inc. will post 3.45 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a dividend of $0.2756 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 3.16%. HP’s payout ratio is 37.16%.

Insider Buying and Selling at HP

In other news, insider Alex Cho sold 173,137 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $36.11, for a total transaction of $6,251,977.07. Following the completion of the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,335,450.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HPQ. Morgan Stanley boosted their target price on HP from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their price objective on HP from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. TD Cowen upped their price target on shares of HP from $30.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Barclays raised their price objective on shares of HP from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Finally, Citigroup boosted their target price on shares of HP from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, HP has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

Check Out Our Latest Report on HP

About HP

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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