Greenleaf Trust Raises Stock Position in HP Inc. (NYSE:HPQ)

Greenleaf Trust lifted its stake in HP Inc. (NYSE:HPQ) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 32,208 shares of the computer maker’s stock after buying an additional 548 shares during the quarter. Greenleaf Trust’s holdings in HP were worth $1,051,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HPQ. Principal Financial Group Inc. lifted its holdings in HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock worth $41,391,000 after buying an additional 160,268 shares during the period. Tidal Investments LLC lifted its stake in shares of HP by 47.5% in the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after purchasing an additional 47,230 shares during the period. Oak Thistle LLC boosted its position in shares of HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock valued at $1,132,000 after purchasing an additional 21,805 shares in the last quarter. MML Investors Services LLC grew its stake in HP by 35.0% in the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock worth $2,243,000 after purchasing an additional 16,207 shares during the period. Finally, Franklin Resources Inc. raised its holdings in HP by 25.2% in the third quarter. Franklin Resources Inc. now owns 1,007,270 shares of the computer maker’s stock worth $37,712,000 after purchasing an additional 202,613 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Down 1.5 %

Shares of NYSE HPQ opened at $32.02 on Tuesday. The firm’s 50-day moving average price is $33.92 and its 200-day moving average price is $35.11. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a market cap of $30.03 billion, a PE ratio of 11.39, a PEG ratio of 2.77 and a beta of 1.05.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio is 41.28%.

Insider Buying and Selling at HP

In other news, insider Kristen M. Ludgate sold 74,356 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at $1,933,898.67. This represents a 56.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 in the last three months. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent research reports. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. JPMorgan Chase & Co. decreased their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Barclays raised their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen boosted their target price on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, HP currently has a consensus rating of “Hold” and an average target price of $36.23.

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.