HP Inc. (NYSE:HPQ) Shares Acquired by Huntington National Bank

Huntington National Bank increased its stake in shares of HP Inc. (NYSE:HPQ) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,908 shares of the computer maker’s stock after purchasing an additional 8,893 shares during the quarter. Huntington National Bank’s holdings in HP were worth $2,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. Synergy Asset Management LLC acquired a new stake in shares of HP in the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in HP during the fourth quarter worth about $31,000. OFI Invest Asset Management acquired a new stake in HP in the fourth quarter valued at about $37,000. Wingate Wealth Advisors Inc. purchased a new stake in HP in the 4th quarter valued at approximately $50,000. Finally, Summit Securities Group LLC acquired a new position in HP during the 4th quarter worth approximately $55,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

HP stock opened at $23.78 on Friday. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $39.80. The stock has a fifty day moving average of $30.98 and a two-hundred day moving average of $33.79.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 41.37%.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly owns 169 shares of the company’s stock, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on HPQ shares. Sanford C. Bernstein raised their price target on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Loop Capital decreased their target price on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. TD Cowen decreased their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Finally, StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.14.

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.