Community Bank & Trust Waco Texas Invests $347,000 in HP Inc. (NYSE:HPQ)

Community Bank & Trust Waco Texas bought a new stake in HP Inc. (NYSE:HPQ) in the fourth quarter, Holdings Channel reports. The fund bought 11,546 shares of the computer maker’s stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Vanguard Group Inc. grew its position in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after buying an additional 12,883,347 shares in the last quarter. Pacer Advisors Inc. boosted its position 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 purchasing an additional 9,294,209 shares in the last quarter. Qube Research & Technologies Ltd boosted its position 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 purchasing an additional 3,613,742 shares in the last quarter. Hsbc Holdings PLC boosted its position 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 purchasing an additional 2,225,530 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of HP during the 3rd quarter valued at about $54,302,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 0.4 %

Shares of HP stock traded up $0.10 during trading on Tuesday, reaching $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 stock has a 50-day moving average price of $29.32 and a two-hundred day moving average price of $28.83. HP Inc. has a one year low of $25.22 and a one year high of $33.90. The stock has a market capitalization of $27.26 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.97%. HP’s payout ratio is currently 32.16%.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was 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 SEC, which is available through this hyperlink. In other HP news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value 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 have sold 116,723 shares of company stock worth $3,479,287 in the last 90 days. Corporate insiders own 0.41% of the company’s stock.

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.