HP Inc. (NYSE:HPQ) Shares Acquired by F&V Capital Management LLC

F&V Capital Management LLC increased its holdings in HP Inc. (NYSE:HPQ) by 2.0% during the 1st quarter, HoldingsChannel reports. The fund owned 313,334 shares of the computer maker’s stock after acquiring an additional 6,195 shares during the quarter. HP comprises approximately 2.8% of F&V Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. F&V Capital Management LLC’s holdings in HP were worth $9,469,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC raised its stake in HP by 7.1% during the third quarter. Kestra Advisory Services LLC now owns 26,032 shares of the computer maker’s stock valued at $669,000 after buying an additional 1,732 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in HP by 30.5% during the third quarter. Envestnet Asset Management Inc. now owns 909,188 shares of the computer maker’s stock valued at $23,366,000 after buying an additional 212,698 shares in the last quarter. LPL Financial LLC raised its stake in HP by 11.0% during 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 in the last quarter. Mariner LLC raised its stake in HP by 6.6% during the third quarter. Mariner LLC now owns 201,602 shares of the computer maker’s stock valued at $5,181,000 after buying an additional 12,532 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in HP by 1.8% during the third quarter. Stifel Financial Corp now owns 181,009 shares of the computer maker’s stock valued at $4,652,000 after buying an additional 3,141 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

HPQ has been the subject of several recent research reports. Wells Fargo & Company upped their target price on HP from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, May 30th. UBS Group upped their target price on HP from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Morgan Stanley upped their target price on HP from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Bank of America upped their target price on HP from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 30th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.64.

HP Price Performance

HPQ stock traded down $1.18 on Wednesday, reaching $35.09. The company’s stock had a trading volume of 9,656,922 shares, compared to its average volume of 8,277,086. 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 $34.34 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 2.31 and a beta of 1.12. The firm has a fifty day moving average of $32.28 and a two-hundred day moving average of $30.51.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 29th. The computer maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.61 billion. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities analysts expect that HP Inc. will post 3.45 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 3.14%. HP’s dividend payout ratio (DPR) is 37.16%.

HP Company Profile

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.