Trust Co. of Vermont grew its holdings in HP Inc. (NYSE:HPQ) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,814 shares of the computer maker’s stock after buying an additional 1,183 shares during the quarter. Trust Co. of Vermont’s holdings in HP were worth $304,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Icahn Carl C acquired a new stake in shares of HP in the 3rd quarter valued at approximately $1,190,124,000. Nomura Holdings Inc. lifted its holdings in shares of HP by 36.1% in the 3rd quarter. Nomura Holdings Inc. now owns 43,357,950 shares of the computer maker’s stock valued at $813,980,000 after buying an additional 11,505,770 shares during the period. American International Group Inc. lifted its holdings in shares of HP by 14.3% in the 4th quarter. American International Group Inc. now owns 17,316,790 shares of the computer maker’s stock valued at $355,860,000 after buying an additional 2,163,067 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of HP by 0.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,135,203 shares of the computer maker’s stock valued at $78,257,000 after buying an additional 14,838 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of HP by 10.5% in the 3rd quarter. California Public Employees Retirement System now owns 3,682,478 shares of the computer maker’s stock valued at $69,672,000 after buying an additional 350,379 shares during the period. 84.07% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Wells Fargo & Co reissued a “hold” rating on shares of HP in a report on Tuesday, November 26th. Evercore ISI raised HP from an “in-line” rating to an “outperform” rating and set a $24.00 price objective for the company in a research note on Monday, November 11th. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised their price objective on HP from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.56.
HP stock traded up $0.09 during mid-day trading on Friday, hitting $22.31. 3,633,560 shares of the company were exchanged, compared to its average volume of 9,451,111. The business’s 50 day simple moving average is $21.40 and its two-hundred day simple moving average is $19.56. The company has a market capitalization of $31.82 billion, a P/E ratio of 10.83, a PEG ratio of 4.79 and a beta of 1.41. HP Inc. has a 12-month low of $15.93 and a 12-month high of $24.09.
HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.29 billion. HP had a negative return on equity of 241.43% and a net margin of 5.36%. HP’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Analysts forecast that HP Inc. will post 2.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.1762 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from HP’s previous quarterly dividend of $0.18. HP’s payout ratio is currently 31.25%.
In other news, insider Christoph Schell sold 42,804 shares of HP stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $19.99, for a total value of $855,651.96. Following the completion of the sale, the insider now owns 144,684 shares of the company’s stock, valued at $2,892,233.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by insiders.
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.
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