First National Trust Co Has $1.26 Million Stock Holdings in HP Inc. (NYSE:HPQ)

First National Trust Co raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 266.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,655 shares of the computer maker's stock after acquiring 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 recently added to or reduced their stakes in the company. King Luther Capital Management Corp lifted its stake in shares of HP by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker's stock worth $346,000 after purchasing an additional 303 shares during the period. HBK Sorce Advisory LLC raised its position in shares of HP by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock worth $374,000 after buying an additional 306 shares during the period. Auxano Advisors LLC raised its position in shares of HP by 3.7% in the 4th quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock worth $282,000 after buying an additional 310 shares during the period. Wedmont Private Capital raised its position in shares of HP by 2.6% in the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock worth $420,000 after buying an additional 316 shares during the period. Finally, Pinnacle Financial Partners Inc raised its position in shares of HP by 2.7% in the 4th quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock worth $400,000 after buying an additional 319 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

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HP Price Performance

NYSE:HPQ traded up $0.06 during mid-day trading on Wednesday, reaching $28.76. The stock had a trading volume of 7,905,695 shares, compared to its average volume of 7,108,594. The company has a market capitalization of $27.11 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80. The stock's 50 day simple moving average is $32.16 and its two-hundred day simple moving average is $34.32.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Sell-side 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 given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.03%. HP's dividend payout ratio (DPR) is 41.37%.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The stock was 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 in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays increased their target price on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Sanford C. Bernstein raised their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. HSBC lowered HP from a "buy" rating to a "hold" rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, StockNews.com raised HP from a "hold" rating to a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, HP presently has an average rating of "Hold" and an average price target of $36.14.

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.