Norwood Financial Corp Has $172,000 Stock Holdings in HP Inc. (NYSE:HPQ)

Norwood Financial Corp boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 23.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,679 shares of the computer maker’s stock after buying an additional 1,086 shares during the period. Norwood Financial Corp’s holdings in HP were worth $172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Treasurer of the State of North Carolina raised its holdings in shares of HP by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 401,809 shares of the computer maker’s stock valued at $12,090,000 after purchasing an additional 4,102 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of HP by 1.4% in the fourth quarter. Alaska Permanent Fund Corp now owns 79,291 shares of the computer maker’s stock valued at $2,386,000 after purchasing an additional 1,091 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of HP by 87.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock valued at $22,960,000 after purchasing an additional 358,231 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of HP in the fourth quarter valued at about $1,758,000. Finally, Flputnam Investment Management Co. purchased a new stake in shares of HP in the fourth quarter valued at about $211,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the subject of several research reports. StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Morgan Stanley increased their price target on shares of HP from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. UBS Group increased their price target on shares of HP from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Bank of America increased their price target on shares of HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, Wells Fargo & Company increased their price target on shares of HP from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, HP has a consensus rating of “Moderate Buy” and a consensus target price of $34.64.

HP Price Performance

NYSE:HPQ traded up $0.30 on Friday, reaching $35.01. 14,542,966 shares of the company’s stock were exchanged, compared to its average volume of 8,306,981. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 2.23 and a beta of 1.12. HP Inc. has a 52 week low of $25.22 and a 52 week high of $39.52. The stock has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $30.60.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 29th. The computer maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. HP had a net margin of 5.60% and a negative return on equity of 230.39%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.61 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts predict that HP Inc. will post 3.45 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Wednesday, September 11th. HP’s payout ratio is 37.16%.

Insider Transactions at HP

In related news, insider Alex Cho sold 173,137 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $36.11, for a total value of $6,251,977.07. Following the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,335,450.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

HP Company 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.