Private Advisor Group LLC increased its holdings in shares of HP Inc. (NYSE:HPQ) by 7.4% in the second quarter, HoldingsChannel reports. The firm owned 103,820 shares of the computer maker’s stock after buying an additional 7,181 shares during the period. Private Advisor Group LLC’s holdings in HP were worth $2,158,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Cornerstone Advisors Inc. lifted its holdings in HP by 87.2% in the first quarter. Cornerstone Advisors Inc. now owns 8,087 shares of the computer maker’s stock valued at $157,000 after acquiring an additional 3,768 shares during the period. Greenleaf Trust lifted its holdings in HP by 4.6% in the first quarter. Greenleaf Trust now owns 21,459 shares of the computer maker’s stock valued at $417,000 after acquiring an additional 948 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in HP by 11.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 310,130 shares of the computer maker’s stock valued at $6,026,000 after acquiring an additional 31,151 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in HP in the first quarter valued at $12,806,000. Finally, Penserra Capital Management LLC lifted its holdings in HP by 70.4% in the first quarter. Penserra Capital Management LLC now owns 3,450 shares of the computer maker’s stock valued at $67,000 after acquiring an additional 1,425 shares during the period. Institutional investors and hedge funds own 79.72% of the company’s stock.

In related news, CEO Dion J. Weisler sold 132,964 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $20.95, for a total value of $2,785,595.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dion J. Weisler sold 437,171 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.01, for a total transaction of $7,873,449.71. The disclosure for this sale can be found here. Insiders sold a total of 586,987 shares of company stock valued at $11,009,736 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

A number of equities research analysts have commented on HPQ shares. Morgan Stanley reduced their target price on HP from $23.00 to $21.00 and set a “weight” rating for the company in a report on Friday, August 23rd. Deutsche Bank began coverage on HP in a research note on Wednesday, June 19th. They set a “hold” rating and a $20.00 price target for the company. Loop Capital set a $21.00 price target on HP and gave the stock a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. set a $19.00 price target on HP and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, Sanford C. Bernstein downgraded HP from an “outperform” rating to a “market perform” rating and set a $20.00 price target for the company. in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.76.

Shares of NYSE:HPQ traded down $0.28 during midday trading on Friday, hitting $18.47. 13,398,245 shares of the stock were exchanged, compared to its average volume of 10,811,370. The company has a 50 day moving average price of $18.90 and a 200-day moving average price of $19.74. HP Inc. has a twelve month low of $17.10 and a twelve month high of $27.08. The stock has a market cap of $27.73 billion, a P/E ratio of 9.14, a PEG ratio of 2.64 and a beta of 1.43.

HP (NYSE:HPQ) last announced its earnings results on Thursday, August 22nd. The computer maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. HP had a net margin of 7.18% and a negative return on equity of 265.02%. The firm had revenue of $14.60 billion during the quarter, compared to the consensus estimate of $14.58 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that HP Inc. will post 2.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, September 10th. HP’s payout ratio is 31.68%.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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