New York State Common Retirement Fund boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,398,313 shares of the computer maker’s stock after buying an additional 141,258 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of HP worth $94,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in HP by 19.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after buying an additional 1,013 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in HP during the first quarter worth approximately $112,000. YorkBridge Wealth Partners LLC increased its position in HP by 12.1% during the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after buying an additional 675 shares during the last quarter. First Command Bank increased its position in HP by 80.0% during the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after buying an additional 2,984 shares during the last quarter. Finally, TrimTabs Asset Management LLC increased its position in HP by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock worth $124,000 after buying an additional 3,264 shares during the last quarter. 79.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $20.00 price target (up previously from $19.00) on shares of HP in a research report on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of HP in a research report on Thursday, August 24th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $20.00 target price on shares of HP in a research report on Friday, August 25th. FBN Securities reaffirmed an “outperform” rating and issued a $25.00 target price (up previously from $23.00) on shares of HP in a research report on Thursday, August 24th. Finally, Mizuho reaffirmed a “buy” rating and issued a $21.00 target price on shares of HP in a research report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.57.

In other news, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $195,487.50. Following the completion of the transaction, the insider now directly owns 10,025 shares in the company, valued at approximately $195,487.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Margaret C. Whitman sold 221,960 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $19.36, for a total transaction of $4,297,145.60. Following the transaction, the director now owns 692,849 shares of the company’s stock, valued at $13,413,556.64. The disclosure for this sale can be found here. Insiders have sold a total of 1,661,600 shares of company stock valued at $31,095,035 over the last 90 days. Company insiders own 0.62% of the company’s stock.

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Shares of HP Inc. (HPQ) traded down 0.41% on Tuesday, hitting $19.51. The stock had a trading volume of 1,364,397 shares. HP Inc. has a 1-year low of $13.77 and a 1-year high of $19.78. The firm has a 50-day moving average of $19.17 and a 200 day moving average of $18.43. The company has a market capitalization of $32.59 billion, a PE ratio of 14.18 and a beta of 1.93.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. On average, equities analysts anticipate that HP Inc. will post $1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.1327 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.71%. HP’s dividend payout ratio (DPR) is currently 38.41%.

About HP

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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