HP Inc. (NYSE:HPQ) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its holdings in shares of HP Inc. (NYSE:HPQ) by 148.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,567 shares of the computer maker’s stock after purchasing an additional 2,729 shares during the period. Parkside Financial Bank & Trust’s holdings in HP were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after acquiring an additional 12,883,347 shares in the last quarter. Northern Trust Corp boosted its stake in shares of HP by 6.2% during the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after acquiring an additional 589,775 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after acquiring an additional 9,294,209 shares in the last quarter. Invesco Ltd. lifted its stake in HP by 13.8% in the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock valued at $211,257,000 after buying an additional 995,132 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in HP by 145.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock valued at $156,535,000 after buying an additional 3,613,742 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Up 1.6 %

Shares of HP stock opened at $28.10 on Thursday. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The firm has a market cap of $27.56 billion, a PE ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 1.05. The business’s fifty day moving average is $29.30 and its two-hundred day moving average is $28.84.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that HP Inc. will post 3.42 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.2756 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.92%. HP’s payout ratio is 32.16%.

Insider Transactions at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now directly owns 60,216 shares in the company, valued at approximately $1,807,082.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 in the last ninety days. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HPQ. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Barclays upped their target price on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Finally, HSBC raised HP from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, HP currently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

HP 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.