HP Inc. (NYSE:HPQ) Position Increased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV grew its position in shares of HP Inc. (NYSE:HPQ) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,568 shares of the computer maker’s stock after acquiring an additional 372 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in HP were worth $125,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HPQ. Turtle Creek Wealth Advisors LLC bought a new stake in HP in the fourth quarter worth about $28,000. Sawyer & Company Inc increased its holdings in shares of HP by 900.0% in the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after purchasing an additional 900 shares during the period. Janiczek Wealth Management LLC grew its stake in shares of HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Rise Advisors LLC grew its stake in shares of HP by 377.9% in the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock valued at $32,000 after buying an additional 839 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of HP by 136.8% in the 1st quarter. Sunbelt Securities Inc. now owns 1,769 shares of the computer maker’s stock valued at $53,000 after buying an additional 1,022 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HPQ. Citigroup increased their price objective on HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley increased their target price on HP from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Bank of America increased their target price on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Barclays increased their target price on HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, Wells Fargo & Company increased their target price on HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

Insider Activity at HP

In related news, insider Alex Cho sold 173,137 shares of HP stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $36.11, for a total value of $6,251,977.07. Following the sale, the insider now owns 64,676 shares of the company’s stock, valued at approximately $2,335,450.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by insiders.

HP Trading Down 0.1 %

Shares of NYSE HPQ traded down $0.03 during mid-day trading on Tuesday, reaching $32.72. 6,116,369 shares of the company’s stock were exchanged, compared to its average volume of 7,932,477. The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.24 and a beta of 1.09. The business has a fifty day simple moving average of $35.95 and a 200 day simple moving average of $31.71. HP Inc. has a twelve month low of $25.22 and a twelve month high of $39.52.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Wednesday, September 11th. HP’s dividend payout ratio is presently 37.16%.

About HP

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.