First National Trust Co Raises Position in HP Inc. (NYSE:HPQ)

First National Trust Co boosted its position in HP Inc. (NYSE:HPQ) by 266.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,655 shares of the computer maker’s stock after purchasing an additional 28,097 shares during the period. First National Trust Co’s holdings in HP were worth $1,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi lifted its position in shares of HP by 15.9% during the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after buying an additional 899,349 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after purchasing an additional 160,268 shares during the last quarter. Oak Thistle LLC boosted its position in HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock worth $1,132,000 after purchasing an additional 21,805 shares during the period. Tidal Investments LLC increased its stake in shares of HP by 47.5% in the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock worth $5,259,000 after purchasing an additional 47,230 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of HP by 35.0% in the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock valued at $2,243,000 after purchasing an additional 16,207 shares during the period. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

HPQ stock opened at $28.43 on Friday. The company has a market capitalization of $26.80 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a one year low of $27.43 and a one year high of $39.80. The company’s 50 day moving average price is $32.36 and its two-hundred day moving average price is $34.42.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. On average, research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.07%. HP’s payout ratio is currently 41.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HPQ. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. TD Cowen reduced their price target on HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Barclays increased their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Wells Fargo & Company lifted their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein increased their price target on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.14.

Insider Activity

In other HP news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

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.