Whittier Trust Co. Has $806,000 Stock Holdings in HP Inc. (NYSE:HPQ)

Whittier Trust Co. decreased its stake in HP Inc. (NYSE:HPQ) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,695 shares of the computer maker’s stock after selling 1,081 shares during the quarter. Whittier Trust Co.’s holdings in HP were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. lifted its stake in HP by 10.8% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 298,168 shares of the computer maker’s stock valued at $9,729,000 after buying an additional 29,080 shares during the period. Blueshift Asset Management LLC lifted its stake in HP by 32.5% in the fourth quarter. Blueshift Asset Management LLC now owns 26,480 shares of the computer maker’s stock valued at $864,000 after buying an additional 6,496 shares during the period. iA Global Asset Management Inc. lifted its stake in HP by 5.7% in the fourth quarter. iA Global Asset Management Inc. now owns 52,366 shares of the computer maker’s stock valued at $1,709,000 after buying an additional 2,827 shares during the period. Magnetar Financial LLC acquired a new position in HP in the fourth quarter valued at about $5,241,000. Finally, Royal London Asset Management Ltd. lifted its stake in HP by 4.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 431,344 shares of the computer maker’s stock valued at $14,075,000 after buying an additional 18,840 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $28.63 on Friday. The company has a market cap of $26.98 billion, a PE ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80. The stock has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $34.18.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.04%. HP’s dividend payout ratio is 41.37%.

Analyst Ratings Changes

Several research firms have weighed in on HPQ. Barclays increased their target price on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Morgan Stanley lowered their price target on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.14.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.38% 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.