Diversified Trust Co Increases Stake in HP Inc. (NYSE:HPQ)

Diversified Trust Co grew its position in HP Inc. (NYSE:HPQ) by 167.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 75,429 shares of the computer maker’s stock after buying an additional 47,252 shares during the period. Diversified Trust Co’s holdings in HP were worth $2,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LVW Advisors LLC raised its position in HP by 38.3% in the 1st quarter. LVW Advisors LLC now owns 17,264 shares of the computer maker’s stock worth $522,000 after buying an additional 4,782 shares during the last quarter. SteelPeak Wealth LLC grew its stake in shares of HP by 51.7% in the first quarter. SteelPeak Wealth LLC now owns 94,108 shares of the computer maker’s stock worth $2,848,000 after acquiring an additional 32,053 shares during the period. Trilogy Capital Inc. purchased a new position in shares of HP during the first quarter valued at approximately $2,620,000. Kathmere Capital Management LLC lifted its position in HP by 27.4% during the first quarter. Kathmere Capital Management LLC now owns 13,376 shares of the computer maker’s stock valued at $404,000 after purchasing an additional 2,875 shares during the period. Finally, Sawyer & Company Inc boosted its holdings in HP by 900.0% in the first quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock worth $30,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

HPQ opened at $34.97 on Tuesday. The stock has a market cap of $34.22 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.09. The firm’s fifty day moving average is $32.71 and its 200 day moving average is $30.61. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $39.52.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 29th. The computer maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.61 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The business’s revenue was down .8% on a year-over-year basis. On average, equities research analysts predict that HP Inc. will post 3.45 earnings per share for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.2756 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, September 11th. HP’s dividend payout ratio (DPR) is presently 37.16%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of HP from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Bank of America upped 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. Wells Fargo & Company raised their target price on HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Citigroup upped their price target on shares of HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, UBS Group raised their price objective on shares of HP from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, HP currently has an average rating of “Moderate Buy” and an average target price of $34.64.

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.