Hancock Whitney Corp trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 40.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,009 shares of the computer maker’s stock after selling 54,481 shares during the quarter. Hancock Whitney Corp’s holdings in HP were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Claybrook Capital LLC boosted its holdings in HP by 367.8% in the 4th quarter. Claybrook Capital LLC now owns 1,235 shares of the computer maker’s stock valued at $25,000 after purchasing an additional 971 shares during the period. Dubuque Bank & Trust Co. lifted its stake in HP by 1,760.0% in the 1st quarter. Dubuque Bank & Trust Co. now owns 1,302 shares of the computer maker’s stock valued at $25,000 after purchasing an additional 1,232 shares during the last quarter. Sontag Advisory LLC bought a new position in HP in the 4th quarter valued at approximately $26,000. Gradient Investments LLC lifted its stake in HP by 331.6% in the 1st quarter. Gradient Investments LLC now owns 1,394 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in HP in the 1st quarter valued at approximately $27,000. 80.44% of the stock is owned by institutional investors.
HPQ opened at $19.99 on Friday. HP Inc. has a twelve month low of $18.06 and a twelve month high of $27.08. The firm has a market cap of $30.01 billion, a PE ratio of 9.90, a PEG ratio of 3.00 and a beta of 1.35.
HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, May 23rd. The computer maker reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. HP had a net margin of 6.67% and a negative return on equity of 232.81%. The company had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same period in the prior year, the company posted $0.48 earnings per share. HP’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts anticipate that HP Inc. will post 2.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Tuesday, June 11th. HP’s payout ratio is 31.68%.
Several equities analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of HP in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $23.00 price target for the company. ValuEngine cut shares of HP from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. Morgan Stanley upped their price target on shares of HP from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Wolfe Research cut shares of HP from an “outperform” rating to a “peer perform” rating and decreased their price target for the company from $25.00 to $21.00 in a research report on Tuesday, May 14th. Finally, Zacks Investment Research upgraded shares of HP from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.26.
In other HP news, Director Shumeet Banerji sold 28,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $20.00, for a total value of $560,000.00. Following the completion of the sale, the director now directly owns 31,311 shares in the company, valued at $626,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Claire Bramley sold 15,819 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $316,380.00. The disclosure for this sale can be found here. Insiders sold 80,618 shares of company stock valued at $1,612,360 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.
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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.
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