HP Inc. (NYSE:HPQ) Position Reduced by Glenview Trust co

Glenview Trust co lowered its stake in HP Inc. (NYSE:HPQ) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,143 shares of the computer maker’s stock after selling 1,427 shares during the period. Glenview Trust co’s holdings in HP were worth $1,473,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. grew its position in shares of HP by 17.7% in the 4th quarter. Harbour Investments Inc. now owns 3,236 shares of the computer maker’s stock worth $106,000 after acquiring an additional 487 shares in the last quarter. Gitterman Wealth Management LLC lifted its stake in HP by 94.7% during the fourth quarter. Gitterman Wealth Management LLC now owns 16,396 shares of the computer maker’s stock worth $535,000 after purchasing an additional 7,973 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in HP by 1.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 100,821 shares of the computer maker’s stock worth $3,290,000 after purchasing an additional 1,314 shares during the period. Frank Rimerman Advisors LLC increased its stake in HP by 3.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,597 shares of the computer maker’s stock valued at $509,000 after purchasing an additional 558 shares during the last quarter. Finally, First National Trust Co raised its holdings in shares of HP by 266.1% during the fourth quarter. First National Trust Co now owns 38,655 shares of the computer maker’s stock worth $1,261,000 after purchasing an additional 28,097 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HPQ has been the subject of a number of recent research reports. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Barclays upped their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley lowered their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, HP currently has an average rating of “Hold” and an average price target of $36.14.

HP Trading Up 1.8 %

Shares of NYSE:HPQ opened at $28.43 on Monday. The company has a 50 day moving average of $32.36 and a 200-day moving average of $34.41. The firm has a market cap of $26.80 billion, a P/E ratio of 10.12, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $27.43 and a twelve month high of $39.80.

HP (NYSE:HPQ) last released its 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. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. Equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently declared 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. This represents a $1.16 annualized dividend and a yield of 4.07%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

HP Company 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.