Dorsey & Whitney Trust CO LLC Boosts Position in HP Inc. (NYSE:HPQ)

Dorsey & Whitney Trust CO LLC lifted its stake in shares of HP Inc. (NYSE:HPQ) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,384 shares of the computer maker’s stock after acquiring an additional 329 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in HP were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of HPQ. Van ECK Associates Corp raised its holdings in shares of HP by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker’s stock worth $1,346,000 after acquiring an additional 2,139 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in HP in the 3rd quarter valued at about $247,000. Principal Financial Group Inc. raised its holdings in HP by 16.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after buying an additional 160,268 shares during the period. Assetmark Inc. raised its holdings in HP by 40.8% in the 3rd quarter. Assetmark Inc. now owns 132,269 shares of the computer maker’s stock valued at $4,745,000 after buying an additional 38,331 shares during the period. Finally, Atria Investments Inc raised its holdings in HP by 8.2% in the 3rd quarter. Atria Investments Inc now owns 61,848 shares of the computer maker’s stock valued at $2,218,000 after buying an additional 4,712 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $30.56 on Monday. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The company has a market cap of $28.80 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.96 and a beta of 1.09. The stock has a 50-day moving average of $32.76 and a two-hundred day moving average of $34.65.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS 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 business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. On average, analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio is presently 41.37%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HPQ shares. Wells Fargo & Company boosted their price objective on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. TD Cowen reduced their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Loop Capital reduced their price objective 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. Barclays boosted their price objective on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, HSBC lowered shares of HP from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.14.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,643 shares of company stock valued at $4,319,565. 0.38% of the stock is currently owned by corporate insiders.

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.