Community Bank & Trust Waco Texas Acquires Shares of 11,546 HP Inc. (NYSE:HPQ)

Community Bank & Trust Waco Texas bought a new position in shares of HP Inc. (NYSE:HPQ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,546 shares of the computer maker’s stock, valued at approximately $347,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after buying an additional 12,883,347 shares during the period. Northern Trust Corp boosted its holdings in HP by 6.2% in the third quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock valued at $260,381,000 after acquiring an additional 589,775 shares in the last quarter. Pacer Advisors Inc. increased its position in 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 purchasing an additional 9,294,209 shares during the period. Invesco Ltd. raised its holdings in HP by 13.8% in the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock worth $211,257,000 after purchasing an additional 995,132 shares in the last quarter. Finally, 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 worth $156,535,000 after acquiring an additional 3,613,742 shares during the period. 77.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HPQ. HSBC raised HP from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $33.00 in a research report on Wednesday, February 14th. Barclays lifted their target price on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. Finally, StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Insider Buying and Selling at HP

In other news, insider Kristen M. Ludgate sold 41,015 shares of the 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 completion of the sale, the insider now owns 56,169 shares in the company, valued at approximately $1,642,381.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the transaction, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the 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 sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 over the last three months. Corporate insiders own 0.41% of the company’s stock.

HP Trading Up 0.4 %

HPQ traded up $0.10 during trading hours on Tuesday, hitting $27.80. The company’s stock had a trading volume of 2,671,677 shares, compared to its average volume of 7,918,440. The business’s 50-day moving average price is $29.32 and its 200-day moving average price is $28.83. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90. The stock has a market cap of $27.26 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 2.33 and a beta of 1.05.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.2756 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a yield of 3.97%. HP’s payout ratio is 32.16%.

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.