HP Inc. (NYSE:HPQ) Shares Sold by Glenview Trust co

Glenview Trust co trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,143 shares of the computer maker’s stock after selling 1,427 shares during the period. Glenview Trust co’s holdings in HP were worth $1,473,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HPQ. Synergy Asset Management LLC purchased a new position in HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the fourth quarter valued at $31,000. OFI Invest Asset Management purchased a new stake in HP during the 4th quarter worth about $37,000. Itau Unibanco Holding S.A. acquired a new position in HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in HP in the 3rd quarter valued at about $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Morgan Stanley lowered their price objective on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. StockNews.com downgraded HP from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Trading Up 1.8 %

Shares of HPQ stock opened at $28.43 on Monday. The company has a market cap of $26.80 billion, a PE ratio of 10.12, a P/E/G ratio of 2.96 and a beta of 1.09. The company’s fifty day simple moving average is $32.36 and its 200-day simple moving average is $34.41. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80.

HP (NYSE:HPQ) last issued 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 company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. Equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.07%. HP’s dividend payout ratio is currently 41.37%.

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.