First National Bank & Trust Co. of Newtown Sells 1,333 Shares of HP Inc. (NYSE:HPQ)

First National Bank & Trust Co. of Newtown lessened its stake in HP Inc. (NYSE:HPQ) by 8.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,092 shares of the computer maker’s stock after selling 1,333 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in HP were worth $492,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Creative Planning increased its holdings in HP by 5.3% during the 3rd quarter. Creative Planning now owns 225,129 shares of the computer maker’s stock worth $8,075,000 after purchasing an additional 11,240 shares in the last quarter. Blue Trust Inc. boosted its position in shares of HP by 80.5% during the third quarter. Blue Trust Inc. now owns 10,580 shares of the computer maker’s stock worth $371,000 after buying an additional 4,718 shares during the period. Raymond James & Associates grew its holdings in shares of HP by 28.2% during the third quarter. Raymond James & Associates now owns 1,106,732 shares of the computer maker’s stock worth $39,698,000 after buying an additional 243,230 shares in the last quarter. Foundations Investment Advisors LLC raised its position in HP by 26.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 9,038 shares of the computer maker’s stock valued at $324,000 after buying an additional 1,884 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in HP by 3.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,413 shares of the computer maker’s stock valued at $840,000 after acquiring an additional 832 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research reports. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC cut HP from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. TD Cowen increased their price target on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein boosted their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Barclays increased their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, HP presently has an average rating of “Hold” and a consensus price target of $36.23.

Insider Activity at HP

In related news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock worth $9,670,068 in the last ninety days. 0.41% of the stock is owned by company insiders.

HP Price Performance

Shares of HP stock opened at $34.72 on Thursday. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The company has a market capitalization of $32.56 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 2.87 and a beta of 1.05. The business has a fifty day simple moving average of $33.10 and a two-hundred day simple moving average of $34.81.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. HP’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. As a group, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.33%. HP’s payout ratio is currently 41.28%.

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.