Atria Wealth Solutions Inc. Has $1.01 Million Stock Position in HP Inc. (NYSE:HPQ)

Atria Wealth Solutions Inc. reduced its position in HP Inc. (NYSE:HPQ) by 31.8% in the 1st quarter, HoldingsChannel reports. The firm owned 36,334 shares of the computer maker’s stock after selling 16,963 shares during the period. Atria Wealth Solutions Inc.’s holdings in HP were worth $1,012,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HPQ. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP during the 1st quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of HP during the 4th quarter worth about $36,000. Iron Horse Wealth Management LLC bought a new stake in shares of HP during the 1st quarter worth about $39,000. Financial Freedom LLC boosted its holdings in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock worth $42,000 after buying an additional 878 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock worth $42,000 after purchasing an additional 947 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. KGI Securities assumed coverage on HP in a research note on Thursday, May 29th. They set a “neutral” rating on the stock. TD Cowen lowered their target price on HP from $38.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. decreased their price target on shares of HP from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, May 29th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Evercore ISI decreased their price target on shares of HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.54.

HP Stock Performance

HP stock opened at $25.56 on Tuesday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The stock has a market capitalization of $24.00 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29. The stock has a fifty day moving average of $25.06 and a 200-day moving average of $27.27.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 10th. HP’s payout ratio is 44.79%.

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.