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

F&V Capital Management LLC boosted its stake in shares of HP Inc. (NYSE:HPQ) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 313,334 shares of the computer maker’s stock after buying an additional 6,195 shares during the period. HP accounts for 2.8% of F&V Capital Management LLC’s investment portfolio, making the stock its 17th largest position. 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 and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its stake in HP by 84.6% during 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 during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in HP during the fourth quarter worth $28,000. Janiczek Wealth Management LLC raised 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 valued at $32,000 after purchasing an additional 566 shares during the period. Rise Advisors LLC raised 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 valued at $32,000 after purchasing an additional 839 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in HP in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research analyst reports. TD Cowen lifted their target price on HP from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Citigroup lifted their target price on HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. UBS Group lifted their target price on HP from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on HP from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley lifted their target price on HP from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. One 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 data from MarketBeat.com, HP has a consensus rating of “Moderate Buy” and an average price target of $34.64.

HP Stock Performance

HPQ stock traded down $1.18 during mid-day trading on Wednesday, reaching $35.09. The company had a trading volume of 9,656,922 shares, compared to its average volume of 8,277,086. The company has a market capitalization of $34.34 billion, a price-to-earnings 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 simple moving average of $32.28 and a 200 day simple moving average of $30.51. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $39.52.

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

HP Dividend Announcement

The firm also recently disclosed 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 is Wednesday, September 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.14%. HP’s payout ratio is currently 37.16%.

Insider Activity

In related 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 transaction of $6,251,977.07. Following the transaction, the insider now 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 available at this link. Company insiders own 0.41% of the company’s stock.

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.