HP Inc. (NYSE:HPQ) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its stake in shares of HP Inc. (NYSE:HPQ) by 49.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,279 shares of the computer maker’s stock after buying an additional 754 shares during the quarter. Hexagon Capital Partners LLC’s holdings in HP were worth $69,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HPQ. Rosenberg Matthew Hamilton boosted its position in HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after buying an additional 397 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in HP in the fourth quarter valued at about $28,000. Sawyer & Company Inc grew its stake in HP by 900.0% during the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in HP by 116.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after purchasing an additional 566 shares during the last quarter. Finally, Rise Advisors LLC raised its position in shares of HP by 377.9% in the 1st 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. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HP

In other news, insider Alex Cho sold 173,137 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,335,450.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

HP Stock Performance

HPQ stock opened at $34.97 on Tuesday. HP Inc. has a 1 year low of $25.22 and a 1 year high of $39.52. The stock has a market capitalization of $34.22 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.23 and a beta of 1.09. The stock’s fifty day moving average is $32.71 and its two-hundred day moving average is $30.61.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a dividend of $0.2756 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.15%. HP’s dividend payout ratio is presently 37.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HPQ. Barclays upped their price target on shares of HP from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Morgan Stanley increased their price target on shares of HP from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Citigroup boosted their price objective on HP from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 30th. TD Cowen increased their target price on HP from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, UBS Group upped their price target on HP from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, HP presently has an average rating of “Moderate Buy” and an average price target of $34.64.

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.