7,104 Shares in HP Inc. (NYSE:HPQ) Acquired by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in HP Inc. (NYSE:HPQ) in the first quarter, Holdings Channel reports. The firm bought 7,104 shares of the computer maker’s stock, valued at approximately $216,000.

Several other hedge funds have also recently made changes to their positions in HPQ. Rosenberg Matthew Hamilton increased its holdings in HP by 84.6% in the 4th 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 last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of HP during the 4th quarter valued at approximately $28,000. Sawyer & Company Inc lifted its stake in shares of HP by 900.0% during the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after buying an additional 566 shares during the period. Finally, Rise Advisors LLC grew its stake in HP by 377.9% in the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock valued at $32,000 after buying an additional 839 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

HPQ traded up $0.63 during trading on Friday, reaching $36.73. The stock had a trading volume of 6,599,877 shares, compared to its average volume of 6,821,251. The business has a 50-day moving average of $34.19 and a 200-day moving average of $30.95. HP Inc. has a one year low of $25.22 and a one year high of $39.52. The stock has a market cap of $35.94 billion, a PE ratio of 12.41, a PEG ratio of 2.30 and a beta of 1.09.

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

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, September 11th. HP’s payout ratio is presently 37.16%.

Insiders Place Their Bets

In other news, insider Alex Cho sold 173,137 shares of HP stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $36.11, for a total value of $6,251,977.07. Following the transaction, the insider now owns 64,676 shares in the company, valued at $2,335,450.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of analyst reports. Barclays raised their price target on HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. UBS Group lifted their target price on HP from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Bank of America increased their price target on shares of 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 shares of HP from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, Wells Fargo & Company raised their price target on shares of HP from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.64.

HP Company 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.