Heritage Trust Co Acquires Shares of 72,561 HP Inc. (NYSE:HPQ)

Heritage Trust Co acquired a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 72,561 shares of the computer maker's stock, valued at approximately $2,368,000.

Other institutional investors have also made changes to their positions in the company. Argent Trust Co grew its position in shares of HP by 102.5% during the fourth quarter. Argent Trust Co now owns 185,581 shares of the computer maker's stock worth $6,056,000 after acquiring an additional 93,943 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of HP by 10.3% during the fourth quarter. Neuberger Berman Group LLC now owns 343,704 shares of the computer maker's stock worth $11,215,000 after purchasing an additional 32,212 shares during the period. Bessemer Group Inc. increased its position in shares of HP by 0.8% in the fourth quarter. Bessemer Group Inc. now owns 104,753 shares of the computer maker's stock worth $3,419,000 after acquiring an additional 863 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HP in the fourth quarter valued at $36,492,000. Finally, Advisory Services Network LLC grew its stake in HP by 10.8% during the 4th quarter. Advisory Services Network LLC now owns 93,213 shares of the computer maker's stock valued at $3,042,000 after acquiring an additional 9,104 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on HPQ shares. Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. Morgan Stanley lowered their target price on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Barclays raised their target price on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, HP has a consensus rating of "Hold" and an average price target of $35.09.

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Insider Buying and Selling

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

HP Price Performance

HP stock traded down $0.43 during mid-day trading on Wednesday, hitting $23.31. 2,730,441 shares of the company's stock traded hands, compared to its average volume of 7,811,292. The firm has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $32.96. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. On average, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.97%. HP's payout ratio is currently 41.37%.

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.