Community Bank & Trust Waco Texas Purchases 2,218 Shares of HP Inc. (NYSE:HPQ)

Community Bank & Trust Waco Texas increased its stake in HP Inc. (NYSE:HPQ) by 14.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,472 shares of the computer maker’s stock after buying an additional 2,218 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in HP were worth $570,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HPQ. Ashton Thomas Securities LLC purchased a new position in shares of HP in the third quarter valued at $25,000. Synergy Asset Management LLC purchased a new position in shares of HP in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP in the fourth quarter valued at $31,000. Wolff Wiese Magana LLC grew its position in shares of HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after purchasing an additional 518 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of HP in the third quarter valued at $37,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HPQ shares. Sanford C. Bernstein lifted their price target on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Citigroup reduced their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Barclays boosted their target price on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. HSBC cut HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus price target of $36.23.

HP Trading Up 1.7 %

HPQ opened at $32.83 on Tuesday. The stock has a 50-day moving average price of $33.49 and a 200-day moving average price of $34.92. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79. The stock has a market capitalization of $30.79 billion, a P/E ratio of 11.68, a PEG ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.28%.

Insider Activity

In other HP news, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This represents a 60.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,035 shares of company stock valued at $9,670,068. 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.