Mather Group LLC. Has $243,000 Position in HP Inc. (NYSE:HPQ)

Mather Group LLC. boosted its stake in HP Inc. (NYSE:HPQ) by 35.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,932 shares of the computer maker’s stock after purchasing an additional 1,826 shares during the quarter. Mather Group LLC.’s holdings in HP were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. DAVENPORT & Co LLC raised its holdings in HP by 70.2% during the fourth quarter. DAVENPORT & Co LLC now owns 17,281 shares of the computer maker’s stock worth $520,000 after buying an additional 7,127 shares during the last quarter. International Assets Investment Management LLC bought a new stake in HP during the 4th quarter worth approximately $1,471,000. Allworth Financial LP increased its holdings in HP by 2.4% during the 4th quarter. Allworth Financial LP now owns 41,482 shares of the computer maker’s stock worth $1,248,000 after purchasing an additional 976 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of HP by 11.0% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,403 shares of the computer maker’s stock worth $494,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new position in shares of HP in the fourth quarter valued at approximately $203,000. 77.53% of the stock is owned by institutional investors.

HP Price Performance

Shares of HPQ traded down $0.10 during mid-day trading on Wednesday, hitting $32.62. The stock had a trading volume of 2,361,000 shares, compared to its average volume of 7,895,831. HP Inc. has a 52 week low of $25.22 and a 52 week high of $39.52. The business has a fifty day moving average price of $35.94 and a 200-day moving average price of $31.74. The firm has a market cap of $31.92 billion, a P/E ratio of 11.05, a PEG ratio of 2.24 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.61 billion. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. As a group, research analysts expect that HP Inc. will post 3.45 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.2756 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 3.38%. HP’s dividend payout ratio is currently 37.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HPQ shares. JPMorgan Chase & Co. increased their price target on HP from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Citigroup raised their price target on shares of HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. TD Cowen upped their price objective on shares of HP from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Morgan Stanley lifted their target price on shares of HP from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, UBS Group upped 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.64.

Insider Transactions at HP

In related news, insider Alex Cho sold 173,137 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $36.11, for a total transaction of $6,251,977.07. Following the sale, 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 accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.