HP Inc. (NYSE:HPQ) Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of HP Inc. (NYSE:HPQ) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,327 shares of the computer maker’s stock after selling 2,306 shares during the period. Mutual of America Capital Management LLC’s holdings in HP were worth $3,455,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Rosenberg Matthew Hamilton raised its stake in HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after acquiring an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in HP during the fourth quarter worth about $28,000. Sawyer & Company Inc raised its stake in HP by 900.0% during the first quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock worth $30,000 after acquiring an additional 900 shares during the period. Janiczek Wealth Management LLC raised its stake in HP by 116.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after acquiring an additional 566 shares during the period. Finally, Rise Advisors LLC raised its stake in HP by 377.9% during the first quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock worth $32,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

NYSE HPQ opened at $36.10 on Friday. HP Inc. has a twelve month low of $25.22 and a twelve month high of $39.52. The stock has a market cap of $35.33 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.30 and a beta of 1.09. The firm’s 50 day moving average price is $34.02 and its two-hundred day moving average price is $30.91.

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

HP Dividend Announcement

The business 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. This represents a $1.10 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, September 11th. HP’s dividend payout ratio is currently 37.16%.

Insider Activity

In other news, insider Alex Cho sold 173,137 shares of the business’s stock in a transaction on Friday, June 21st. The shares were 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 in the company, valued at approximately $2,335,450.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TD Cowen raised their price target on shares of HP from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Morgan Stanley raised their price target on shares of HP from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. raised their price target on shares of HP from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Barclays raised their price target on shares of HP from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, UBS Group raised their price target on shares of HP from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, HP has an average rating of “Moderate Buy” and a consensus target price of $34.64.

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.