HP Inc. (NYSE:HPQ) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in shares of HP Inc. (NYSE:HPQ) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,900 shares of the computer maker’s stock after selling 10,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in HP were worth $12,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in HP during the 4th quarter worth $1,471,000. Federated Hermes Inc. lifted its position in shares of HP by 747.0% during the fourth quarter. Federated Hermes Inc. now owns 33,151 shares of the computer maker’s stock worth $998,000 after purchasing an additional 29,237 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in HP in the fourth quarter worth about $335,000. Lindbrook Capital LLC increased its holdings in HP by 21.9% in the fourth quarter. Lindbrook Capital LLC now owns 3,319 shares of the computer maker’s stock valued at $100,000 after buying an additional 597 shares during the last quarter. Finally, CWM LLC raised its stake in HP by 8.8% during the fourth quarter. CWM LLC now owns 29,745 shares of the computer maker’s stock valued at $895,000 after buying an additional 2,417 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their target price on HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Wells Fargo & Company lifted their price objective on shares of HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. UBS Group increased their target price on shares of HP from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Citigroup raised their price target on shares of HP from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, TD Cowen boosted their price objective on shares of HP from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

HP Trading Up 1.7 %

HP stock traded up $0.58 during midday trading on Friday, reaching $35.66. 6,319,665 shares of the stock traded hands, compared to its average volume of 7,792,394. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $39.52. The firm has a market cap of $34.90 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 2.24 and a beta of 1.09. The firm has a fifty day moving average price of $35.56 and a two-hundred day moving average price of $32.21.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.2756 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 3.09%. HP’s payout ratio is 37.16%.

Insider Activity

In related news, insider Alex Cho sold 173,137 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $36.11, for a total value of $6,251,977.07. Following the completion of the sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,335,450.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.