HP Inc (HPQ) Shares Bought by First National Trust Co

First National Trust Co grew its position in HP Inc (NYSE:HPQ) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,496 shares of the computer maker’s stock after acquiring an additional 6,300 shares during the quarter. First National Trust Co’s holdings in HP were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. increased its holdings in shares of HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after acquiring an additional 85 shares during the last quarter. National Asset Management Inc. increased its holdings in shares of HP by 1.4% in the 2nd quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock valued at $208,000 after acquiring an additional 165 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of HP by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after acquiring an additional 200 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of HP by 0.8% in the 2nd quarter. Westside Investment Management Inc. now owns 32,457 shares of the computer maker’s stock valued at $580,000 after acquiring an additional 250 shares during the last quarter. Finally, Hancock Holding Co. increased its holdings in shares of HP by 0.5% in the 2nd quarter. Hancock Holding Co. now owns 49,755 shares of the computer maker’s stock valued at $870,000 after acquiring an additional 255 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

HP Inc (NYSE:HPQ) opened at $23.46 on Thursday. The company has a market capitalization of $37,642.82, a price-to-earnings ratio of 15.74, a P/E/G ratio of 2.41 and a beta of 1.82. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. HP Inc has a 52 week low of $14.41 and a 52 week high of $23.49.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. analysts anticipate that HP Inc will post 1.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were given a dividend of $0.1393 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Tuesday, December 12th. This is a positive change from HP’s previous quarterly dividend of $0.13. HP’s payout ratio is 37.58%.

In other HP news, insider Dion J. Weisler sold 525,719 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $21.22, for a total transaction of $11,155,757.18. Following the completion of the transaction, the insider now owns 865,216 shares in the company, valued at approximately $18,359,883.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marie Myers sold 10,000 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $21.20, for a total value of $212,000.00. Following the transaction, the insider now owns 11,966 shares of the company’s stock, valued at approximately $253,679.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,247,677 shares of company stock valued at $26,642,227 in the last quarter. 0.62% of the stock is currently owned by insiders.

HPQ has been the subject of a number of research analyst reports. Maxim Group reiterated a “hold” rating and issued a $25.00 price target on shares of HP in a report on Friday, October 27th. Royal Bank of Canada boosted their price target on HP from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, October 10th. Morgan Stanley boosted their price target on HP from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group reiterated a “hold” rating and issued a $20.00 price target on shares of HP in a report on Sunday, October 8th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $21.53.

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HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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