Raiffeisen Bank International AG Makes New $13.53 Million Investment in HP Inc. (NYSE:HPQ)

Raiffeisen Bank International AG bought a new stake in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, Holdings Channel.com reports. The firm bought 414,547 shares of the computer maker’s stock, valued at approximately $13,527,000.

Other institutional investors have also recently added to or reduced their stakes in the company. West Paces Advisors Inc. boosted its position in shares of HP by 3.2% in the fourth quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker’s stock worth $314,000 after buying an additional 298 shares during the period. TIAA Trust National Association boosted its holdings in HP by 1.8% in the 4th quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker’s stock worth $548,000 after acquiring an additional 302 shares during the period. HBK Sorce Advisory LLC grew its position in HP by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker’s stock valued at $374,000 after acquiring an additional 306 shares in the last quarter. Auxano Advisors LLC raised its stake in shares of HP by 3.7% during the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock valued at $282,000 after purchasing an additional 310 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of HP by 2.6% during the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock valued at $420,000 after purchasing an additional 316 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

HP Trading Down 0.6%

HPQ opened at $28.60 on Thursday. The business’s 50 day moving average is $26.15 and its 200-day moving average is $31.43. The stock has a market cap of $26.96 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.05%. HP’s dividend payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Loop Capital dropped their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on HP from $40.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. TD Cowen decreased their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Finally, Citigroup dropped their price target on shares of HP from $36.50 to $25.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.83.

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.