LVW Advisors LLC Acquires 4,782 Shares of HP Inc. (NYSE:HPQ)

LVW Advisors LLC raised its holdings in shares of HP Inc. (NYSE:HPQ) by 38.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,264 shares of the computer maker’s stock after purchasing an additional 4,782 shares during the period. LVW Advisors LLC’s holdings in HP were worth $522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after purchasing an additional 12,883,347 shares during the last quarter. Northern Trust Corp grew its holdings in shares of HP by 0.4% during the 4th quarter. Northern Trust Corp now owns 10,172,444 shares of the computer maker’s stock worth $306,089,000 after acquiring an additional 40,884 shares during the period. Pacer Advisors Inc. grew its holdings in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after acquiring an additional 9,294,209 shares during the period. Norges Bank purchased a new position in shares of HP during the 4th quarter worth approximately $187,264,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of HP by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,771,103 shares of the computer maker’s stock worth $173,652,000 after acquiring an additional 232,515 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Activity

In other news, insider Alex Cho sold 173,137 shares of the 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 transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,335,450.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research analyst reports. Bank of America upped their target price on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their target price on HP from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Wells Fargo & Company upped their target price on HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. Barclays upped their price target on HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Finally, TD Cowen upped their price target on HP from $30.00 to $32.00 and gave the stock a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, HP currently has a consensus rating of “Moderate Buy” and an average price target of $34.64.

HP Trading Down 0.1 %

HPQ stock opened at $34.97 on Tuesday. The stock has a market capitalization of $34.22 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.09. HP Inc. has a 12-month low of $25.22 and a 12-month high of $39.52. The stock’s 50 day simple moving average is $32.71 and its 200 day simple moving average is $30.61.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 29th. The computer maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.61 billion. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. On average, research analysts predict that HP Inc. will post 3.45 earnings per share for the current year.

HP Announces Dividend

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

HP 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.