Diversified Trust Co Has $237,000 Holdings in HP Inc. (NYSE:HPQ)

Diversified Trust Co trimmed its stake in HP Inc. (NYSE:HPQ) by 87.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,616 shares of the computer maker’s stock after selling 44,795 shares during the period. Diversified Trust Co’s holdings in HP were worth $237,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Optimist Retirement Group LLC bought a new position in shares of HP during the fourth quarter worth about $1,855,000. Quarry LP bought a new position in HP during the 4th quarter worth approximately $87,000. Voisard Asset Management Group Inc. acquired a new position in shares of HP in the 4th quarter worth approximately $84,000. GLOBALT Investments LLC GA bought a new stake in shares of HP in the 4th quarter valued at $5,729,000. Finally, V Square Quantitative Management LLC increased its position in shares of HP by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 15,759 shares of the computer maker’s stock worth $474,000 after buying an additional 3,904 shares during the period. 77.53% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the transaction, the chief executive officer now directly owns 3 shares in the company, valued at approximately $99.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research analyst reports. Loop Capital cut their price target on shares of HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. UBS Group upped their target price on HP from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Barclays lowered their target price on HP from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Citigroup cut HP from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Tuesday, October 1st. Finally, Morgan Stanley lowered their price objective on shares of HP from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.55.

HP Stock Performance

Shares of NYSE HPQ opened at $37.02 on Friday. The stock has a market cap of $36.23 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 2.67 and a beta of 1.07. HP Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $39.52. The firm’s 50-day simple moving average is $34.84 and its 200 day simple moving average is $33.56.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $13.52 billion for the quarter, compared to analysts’ expectations of $13.37 billion. HP had a net margin of 5.33% and a negative return on equity of 266.37%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, sell-side analysts predict that HP Inc. will post 3.39 EPS for the current year.

HP declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 28th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the computer maker to buy up to 28.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.