HP Inc. (NYSE:HPQ) Stock Holdings Reduced by Cambridge Trust Co.

Cambridge Trust Co. lowered its position in HP Inc. (NYSE:HPQ) by 55.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the computer maker’s stock after selling 9,942 shares during the quarter. Cambridge Trust Co.’s holdings in HP were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Mascoma Wealth Management LLC bought a new stake in shares of HP during the 3rd quarter worth about $25,000. Rosenberg Matthew Hamilton boosted its stake in shares of HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after acquiring an additional 397 shares in the last quarter. Certified Advisory Corp bought a new stake in shares of HP during the 1st quarter worth about $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of HP during the 4th quarter worth about $28,000. Finally, Janiczek Wealth Management LLC boosted its stake in shares of HP by 116.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after acquiring an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In other news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,723 shares of company stock valued at $3,479,287. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HPQ shares. Barclays upped their price target on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, HSBC upgraded HP from a “hold” rating to a “buy” rating and increased their target price for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, HP presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Stock Up 0.7 %

HP stock opened at $27.82 on Friday. The business has a 50 day moving average price of $29.34 and a two-hundred day moving average price of $28.78. The stock has a market cap of $27.28 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. The firm had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, analysts expect that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $0.2756 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.96%. HP’s payout ratio is presently 32.16%.

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.