Comerica Securities Inc. acquired a new position in shares of HP Inc. (NYSE:HPQ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,763 shares of the computer maker’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of HP by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 121,687,604 shares of the computer maker’s stock worth $2,175,775,000 after acquiring an additional 2,122,269 shares in the last quarter. State Street Corp raised its stake in shares of HP by 0.7% during the 1st quarter. State Street Corp now owns 79,522,135 shares of the computer maker’s stock worth $1,421,893,000 after acquiring an additional 515,648 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of HP by 3.5% during the 1st quarter. Primecap Management Co. CA now owns 63,851,245 shares of the computer maker’s stock worth $1,141,660,000 after acquiring an additional 2,163,147 shares in the last quarter. American International Group Inc. raised its stake in shares of HP by 1.6% during the 1st quarter. American International Group Inc. now owns 29,056,041 shares of the computer maker’s stock worth $519,522,000 after acquiring an additional 457,514 shares in the last quarter. Finally, Boston Partners raised its stake in shares of HP by 304.9% during the 2nd quarter. Boston Partners now owns 26,117,561 shares of the computer maker’s stock worth $456,535,000 after acquiring an additional 19,667,780 shares in the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

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Several analysts have weighed in on HPQ shares. UBS AG reissued a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of HP in a research report on Thursday, May 25th. BidaskClub downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $14.00 target price on shares of HP in a research report on Thursday, August 24th. J P Morgan Chase & Co reissued a “neutral” rating and set a $19.50 target price on shares of HP in a research report on Thursday, August 24th. Finally, Citigroup Inc. set a $20.00 target price on shares of HP and gave the stock a “buy” rating in a research report on Thursday, May 25th. Ten research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. HP has an average rating of “Buy” and a consensus price target of $20.57.

HP Inc. (NYSE:HPQ) opened at 19.47 on Monday. The firm’s 50-day moving average is $19.16 and its 200-day moving average is $18.40. The firm has a market capitalization of $32.52 billion, a PE ratio of 14.15 and a beta of 1.93. HP Inc. has a 52-week low of $13.77 and a 52-week high of $19.78.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. On average, analysts anticipate that HP Inc. will post $1.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.1327 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 annualized dividend and a dividend yield of 2.73%. HP’s payout ratio is currently 38.41%.

In other HP news, Director Margaret C. Whitman sold 147,968 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $18.00, for a total transaction of $2,663,424.00. Following the sale, the director now directly owns 618,857 shares in the company, valued at approximately $11,139,426. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret C. Whitman sold 73,992 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $17.72, for a total transaction of $1,311,138.24. Following the sale, the director now owns 544,881 shares in the company, valued at $9,655,291.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,725,567 shares of company stock worth $32,210,686 over the last 90 days. Insiders own 0.62% of the company’s stock.

HP Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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