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

Mn Services Vermogensbeheer B.V. decreased its position in HP Inc. (NYSE:HPQ) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,900 shares of the computer maker’s stock after selling 10,700 shares during the period. 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 (SEC).

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of HP in the 4th quarter valued at about $1,471,000. Federated Hermes Inc. boosted its holdings in 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 buying an additional 29,237 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in HP during the fourth quarter valued at $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 in the last quarter. Finally, CWM LLC raised its position in shares of HP by 8.8% in the fourth quarter. CWM LLC now owns 29,745 shares of the computer maker’s stock worth $895,000 after acquiring an additional 2,417 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 173,137 shares of the business’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 transaction, the insider now directly owns 64,676 shares in the company, valued at approximately $2,335,450.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HPQ shares. Morgan Stanley cut HP from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a research report on Monday, August 19th. UBS Group upped their target price on HP from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Barclays increased their target price on HP from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their price target on shares of HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. Finally, Citigroup increased their price objective on shares of HP from $35.00 to $37.00 and gave the company a “buy” rating in a 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.00.

HP Price Performance

NYSE HPQ traded up $0.58 during trading hours on Friday, hitting $35.66. 6,319,665 shares of the company’s stock traded hands, compared to its average volume of 7,792,394. The firm’s 50-day moving average is $35.56 and its 200-day moving average is $32.21. HP Inc. has a 52-week low of $25.22 and a 52-week high of $39.52. The company has a market capitalization of $34.90 billion, a PE ratio of 12.05, a PEG ratio of 2.24 and a beta of 1.09.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 29th. The computer maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $12.80 billion during 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%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Equities research analysts predict that HP Inc. will post 3.45 earnings per share for the current fiscal year.

HP Announces Dividend

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 issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Wednesday, September 11th. HP’s dividend payout ratio is currently 37.16%.

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.