HP Inc. (NYSE:HPQ) Stock Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 27.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,316 shares of the computer maker's stock after acquiring an additional 22,909 shares during the quarter. Daiwa Securities Group Inc.'s holdings in HP were worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton increased its position in HP by 84.6% in the fourth 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 purchased a new stake in HP in the fourth quarter worth about $28,000. Sawyer & Company Inc increased its position in HP by 900.0% in the first quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker's stock worth $30,000 after buying an additional 900 shares in the last quarter. Janiczek Wealth Management LLC increased its position in HP by 116.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker's stock worth $32,000 after buying an additional 566 shares in the last quarter. Finally, Rise Advisors LLC increased its position in HP by 377.9% in the first quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker's stock worth $32,000 after buying an additional 839 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Transactions at HP

In other news, insider Alex Cho sold 173,137 shares of HP 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 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 SEC, which is available through the SEC website. Company insiders own 0.41% of the company's stock.

HP Stock Up 2.0 %

HP stock traded up $0.69 during midday trading on Monday, reaching $35.32. 6,498,817 shares of the stock traded hands, compared to its average volume of 8,183,824. The stock's fifty day moving average is $33.54 and its 200-day moving average is $30.80. HP Inc. has a 12 month low of $25.22 and a 12 month high of $39.52. The stock has a market cap of $34.56 billion, a P/E ratio of 11.93, a PEG ratio of 2.20 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Wednesday, May 29th. The computer maker reported $0.82 EPS 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 analysts' expectations of $12.61 billion. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. On average, equities analysts predict that HP Inc. will post 3.45 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders 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 3.12%. The ex-dividend date of this dividend is Wednesday, September 11th. HP's dividend payout ratio (DPR) is 37.16%.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on HP from $30.00 to $32.00 and gave the stock a "hold" rating in a research note on Thursday, May 30th. Bank of America upped their price objective on HP from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. upped their price objective on HP from $34.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, May 30th. Wells Fargo & Company upped their price objective on HP from $25.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday, May 30th. Finally, UBS Group upped their price objective on HP from $31.00 to $34.00 and gave the stock a "neutral" rating in a research note 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. According to MarketBeat, HP currently has an average rating of "Moderate Buy" and a consensus target price of $34.64.

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.