HP Inc. (NYSE:HPQ) Stake Lifted by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV increased its stake in shares of HP Inc. (NYSE:HPQ) by 32.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,196 shares of the computer maker’s stock after buying an additional 780 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in HP were worth $97,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HPQ. Rosenberg Matthew Hamilton grew its stake in shares of HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after purchasing an additional 397 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of HP in the fourth quarter worth $28,000. Janiczek Wealth Management LLC grew its stake in shares of HP by 116.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after purchasing an additional 566 shares in the last quarter. Rise Advisors LLC boosted its stake in HP by 377.9% during the first quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock valued at $32,000 after buying an additional 839 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in HP during the fourth quarter valued at about $34,000. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 0.4 %

Shares of HP stock opened at $36.37 on Friday. The stock has a 50-day moving average price of $31.94 and a 200 day moving average price of $30.39. The company has a market cap of $35.59 billion, a P/E ratio of 12.29, a P/E/G ratio of 2.34 and a beta of 1.12. HP Inc. has a 1 year low of $25.22 and a 1 year high of $39.52.

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

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Wednesday, September 11th. HP’s dividend payout ratio (DPR) is presently 37.16%.

Analysts Set New Price Targets

HPQ has been the subject of several research reports. Bank of America raised their target price on HP from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. StockNews.com cut HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Citigroup raised their target price on HP from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. TD Cowen raised their target price on HP from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, UBS Group upped their target price on HP from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.64.

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.