HP Inc. (NYSE:HPQ) Stock Position Reduced by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in HP Inc. (NYSE:HPQ - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,284 shares of the computer maker's stock after selling 18,774 shares during the period. Vontobel Holding Ltd.'s holdings in HP were worth $5,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc raised its stake in shares of HP by 900.0% during the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker's stock worth $30,000 after purchasing an additional 900 shares during the period. Rise Advisors LLC raised its position in HP by 377.9% during the first quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker's stock valued at $32,000 after purchasing an additional 839 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in HP in the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HP in the second quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC bought a new stake in HP in the 3rd quarter worth $37,000. Institutional investors own 77.53% of the company's stock.

HP Stock Performance

Shares of NYSE HPQ traded down $0.30 during mid-day trading on Friday, reaching $37.28. The company's stock had a trading volume of 4,726,629 shares, compared to its average volume of 7,897,425. The stock has a 50-day moving average of $35.36 and a two-hundred day moving average of $33.85. HP Inc. has a 1-year low of $25.67 and a 1-year high of $39.52. The stock has a market capitalization of $36.48 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.67 and a beta of 1.07.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.03). HP had a net margin of 5.33% and a negative return on equity of 266.37%. The company had revenue of $13.52 billion during the quarter, compared to analysts' expectations of $13.37 billion. During the same period last year, the firm posted $0.86 earnings per share. HP's revenue was up 2.4% on a year-over-year basis. Analysts predict that HP Inc. will post 3.39 EPS for the current fiscal year.

HP declared that its board has approved a share buyback plan on Wednesday, August 28th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the computer maker to reacquire up to 28.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley reduced their target price on HP from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. Citigroup downgraded shares of HP from a "buy" rating to a "neutral" rating and set a $37.00 price objective on the stock. in a research report on Tuesday, October 1st. UBS Group upped their price target on shares of HP from $34.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Loop Capital cut their price target on HP from $37.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of HP from $38.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.55.

Insider Buying and Selling at HP

In related news, CEO Enrique Lores sold 211,501 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the completion of the sale, the chief executive officer now directly owns 3 shares of the company's stock, valued at $99.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

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.