Signaturefd LLC Has $470,000 Stock Holdings in HP Inc. (NYSE:HPQ)

Signaturefd LLC trimmed its position in HP Inc. (NYSE:HPQ) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,987 shares of the computer maker’s stock after selling 971 shares during the quarter. Signaturefd LLC’s holdings in HP were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HPQ. Proficio Capital Partners LLC bought a new stake in HP during the 4th quarter worth about $211,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of HP by 1.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 100,821 shares of the computer maker’s stock valued at $3,290,000 after purchasing an additional 1,314 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of HP by 17.7% in the fourth quarter. Harbour Investments Inc. now owns 3,236 shares of the computer maker’s stock valued at $106,000 after buying an additional 487 shares in the last quarter. Cibc World Markets Corp boosted its position in HP by 14.5% during the fourth quarter. Cibc World Markets Corp now owns 152,082 shares of the computer maker’s stock worth $4,962,000 after purchasing an additional 19,238 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its position in shares of HP by 19.6% in the fourth quarter. Tocqueville Asset Management L.P. now owns 13,629 shares of the computer maker’s stock valued at $445,000 after acquiring an additional 2,233 shares during the period. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HPQ shares. Evercore ISI lowered their target price on HP from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Citigroup dropped their price objective on HP from $29.00 to $27.50 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Wells Fargo & Company decreased their target price on HP from $35.00 to $25.00 and set an “underweight” rating for the company in a research report on Thursday, May 29th. Barclays set a $28.00 price objective on HP and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Finally, TD Cowen cut their target price on HP from $38.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.54.

HP Stock Performance

Shares of HP stock opened at $24.75 on Friday. The stock has a 50 day moving average of $25.89 and a 200 day moving average of $28.24. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.99 and a beta of 1.27.

HP (NYSE:HPQ) last posted 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 during the quarter, compared to analyst estimates of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given 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 4.68%. HP’s payout ratio is 44.79%.

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.