United Community Bank Grows Stock Position in HP Inc. (NYSE:HPQ)

United Community Bank raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 674.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,411 shares of the computer maker's stock after acquiring an additional 50,000 shares during the period. United Community Bank's holdings in HP were worth $1,873,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Personal CFO Solutions LLC acquired a new position in shares of HP in the fourth quarter valued at approximately $745,000. Amundi grew its holdings in shares of HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after purchasing an additional 899,349 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of HP by 1.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 20,384 shares of the computer maker's stock valued at $665,000 after purchasing an additional 329 shares in the last quarter. Lifeworks Advisors LLC lifted its stake in HP by 50.3% in the fourth quarter. Lifeworks Advisors LLC now owns 106,373 shares of the computer maker's stock worth $3,471,000 after acquiring an additional 35,586 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in HP in the fourth quarter worth approximately $2,121,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Trading Up 2.0 %

HPQ stock traded up $0.59 on Friday, hitting $30.56. The company's stock had a trading volume of 10,995,429 shares, compared to its average volume of 6,844,905. The firm has a 50 day moving average of $32.76 and a two-hundred day moving average of $34.65. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

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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. The firm had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. As a group, equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.79%. HP's dividend payout ratio is currently 41.37%.

Insider Buying and Selling at HP

In other news, insider Alex Cho sold 40,287 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the transaction, the insider now directly owns 64,676 shares of the company's stock, valued at $2,250,724.80. This represents a 38.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,737 shares of company stock valued at $9,316,641. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on HPQ. Morgan Stanley decreased 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 note on Friday, February 28th. Barclays boosted their price objective on shares of 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 downgraded shares of HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Loop Capital reduced their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein boosted their price objective on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and a consensus target price 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.