HP Inc. (NYSE:HPQ) Shares Acquired by North Growth Management Ltd.

North Growth Management Ltd. raised its stake in HP Inc. (NYSE:HPQ) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 473,000 shares of the computer maker’s stock after buying an additional 1,000 shares during the period. HP makes up about 2.8% of North Growth Management Ltd.’s investment portfolio, making the stock its 10th largest holding. North Growth Management Ltd.’s holdings in HP were worth $13,110,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HPQ. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of HP during the fourth quarter worth $36,000. OFI Invest Asset Management acquired a new stake in HP during the 4th quarter worth about $37,000. CoreCap Advisors LLC lifted its stake in HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock valued at $46,000 after buying an additional 587 shares in the last quarter. Financial Freedom LLC boosted its holdings in shares of HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock worth $42,000 after buying an additional 878 shares during the period. Finally, Global X Japan Co. Ltd. purchased a new position in shares of HP in the first quarter worth approximately $43,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HPQ shares. Loop Capital reduced their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley decreased their price objective on shares of HP from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, May 29th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. KGI Securities initiated coverage on shares of HP in a research note on Thursday, May 29th. They issued a “neutral” rating for the company. Finally, Citigroup decreased their price objective on shares of HP from $29.00 to $27.50 and set a “neutral” rating for the company in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.54.

Insider Activity

In other news, insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now owns 169 shares in the company, valued at $4,814.81. This trade represents a 99.22% decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

HP Stock Down 0.1%

Shares of NYSE:HPQ opened at $24.16 on Friday. The firm has a fifty day moving average of $25.82 and a two-hundred day moving average of $29.43. The firm has a market capitalization of $22.69 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. Equities research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.79%. HP’s dividend payout ratio is currently 44.40%.

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.