HP Inc. (NYSE:HPQ) Stock Holdings Lifted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its stake in HP Inc. (NYSE:HPQ) by 148.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,567 shares of the computer maker’s stock after acquiring an additional 2,729 shares during the period. Parkside Financial Bank & Trust’s holdings in HP were worth $137,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after purchasing an additional 12,883,347 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock valued at $286,352,000 after acquiring an additional 9,294,209 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of HP by 145.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock valued at $156,535,000 after acquiring an additional 3,613,742 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of HP by 104.6% during the 3rd quarter. Hsbc Holdings PLC now owns 4,352,558 shares of the computer maker’s stock valued at $112,014,000 after acquiring an additional 2,225,530 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of HP during the 3rd quarter valued at $54,302,000. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Finally, Barclays boosted their price target on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, HP has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Trading Up 1.6 %

Shares of NYSE:HPQ opened at $28.10 on Thursday. The stock has a market capitalization of $27.56 billion, a PE ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 1.05. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90. The firm has a fifty day moving average price of $29.30 and a 200 day moving average price of $28.84.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. HP’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, sell-side analysts forecast that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio is 32.16%.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other HP news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock valued at $3,479,287 in the last quarter. Insiders own 0.41% of the company’s stock.

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.