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SG Americas Securities LLC Buys 1,009,998 Shares of HP Inc. (NYSE:HPQ)

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SG Americas Securities LLC boosted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 1,666.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,616 shares of the computer maker's stock after purchasing an additional 1,009,998 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of HP worth $32,354,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton increased its holdings in HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker's stock worth $26,000 after purchasing an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of HP in the 4th quarter valued at about $28,000. Sawyer & Company Inc increased its holdings in shares of HP by 900.0% in the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker's stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker's stock valued at $32,000 after acquiring an additional 566 shares during the last quarter. Finally, Rise Advisors LLC increased its holdings in shares of HP by 377.9% in the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker's stock valued at $32,000 after acquiring an additional 839 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.


HP Stock Performance

HP stock traded up $0.63 during mid-day trading on Friday, reaching $36.73. 6,599,877 shares of the company were exchanged, compared to its average volume of 6,821,251. HP Inc. has a twelve month low of $25.22 and a twelve month high of $39.52. The firm's 50-day simple moving average is $34.19 and its two-hundred day simple moving average is $30.96. The firm has a market cap of $35.94 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 2.30 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data 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. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The company had revenue of $12.80 billion during the quarter, compared to analysts' expectations of $12.61 billion. During the same period last year, the firm earned $0.80 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts anticipate that HP Inc. will post 3.45 EPS 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 issued 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 3.00%. HP's dividend payout ratio is currently 37.16%.

Analysts Set New Price Targets

A number of research firms have recently commented on HPQ. Barclays increased their price objective on HP from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, May 30th. UBS Group increased their price objective on HP from $31.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, May 30th. Citigroup increased their price objective on HP from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, May 30th. JPMorgan Chase & Co. increased their price objective on HP from $34.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, May 30th. Finally, Morgan Stanley raised their price target on HP from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.64.

Read Our Latest Stock Analysis on HP

Insider Activity

In other news, insider Alex Cho sold 173,137 shares of the firm'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 of the company's stock, valued at approximately $2,335,450.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company's stock.

HP Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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