Legacy Wealth Asset Management LLC Has $1.15 Million Stock Position in HP Inc. (NYSE:HPQ)

Legacy Wealth Asset Management LLC grew its holdings in shares of HP Inc. (NYSE:HPQ) by 2.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,873 shares of the computer maker’s stock after acquiring an additional 741 shares during the period. Legacy Wealth Asset Management LLC’s holdings in HP were worth $1,145,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of HP by 11.0% in the third quarter. LPL Financial LLC now owns 207,476 shares of the computer maker’s stock valued at $5,332,000 after buying an additional 20,614 shares during the period. Stifel Financial Corp increased its position in HP by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 181,009 shares of the computer maker’s stock valued at $4,652,000 after purchasing an additional 3,141 shares during the period. Natixis Advisors L.P. lifted its position in shares of HP by 0.5% in the 3rd quarter. Natixis Advisors L.P. now owns 142,975 shares of the computer maker’s stock worth $3,674,000 after purchasing an additional 768 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of HP in the 3rd quarter valued at $251,000. Finally, Evergreen Capital Management LLC increased its position in shares of HP by 0.3% during the third quarter. Evergreen Capital Management LLC now owns 231,541 shares of the computer maker’s stock worth $6,011,000 after buying an additional 760 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 0.1 %

HPQ stock traded up $0.05 during mid-day trading on Thursday, reaching $34.85. 3,985,175 shares of the company traded hands, compared to its average volume of 8,062,466. The firm’s 50 day moving average price is $33.13 and its 200 day moving average price is $30.69. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 2.21 and a beta of 1.09. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $39.52.

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

HP Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPQ. Morgan Stanley boosted their target price on shares of HP from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Wells Fargo & Company upped their target price on HP from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. Bank of America lifted their target price on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Citigroup increased their price target on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of HP from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.64.

Insider Buying and Selling at HP

In other news, insider Alex Cho sold 173,137 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $36.11, for a total value of $6,251,977.07. Following the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,335,450.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company’s stock.

About HP

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.