First Horizon Advisors Inc. Has $19.14 Million Stake in HP Inc. (NYSE:HPQ)

First Horizon Advisors Inc. boosted its stake in shares of HP Inc. (NYSE:HPQ) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 586,662 shares of the computer maker’s stock after buying an additional 18,863 shares during the quarter. First Horizon Advisors Inc.’s holdings in HP were worth $19,143,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of HP during the third quarter worth about $25,000. Synergy Asset Management LLC bought a new position in HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of HP in the 3rd quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP in the 3rd quarter valued at $44,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. HSBC lowered HP from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Barclays raised their target price on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. dropped their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.68.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is owned by company insiders.

HP Stock Down 0.3 %

Shares of HPQ opened at $34.63 on Friday. The stock has a market cap of $32.48 billion, a P/E ratio of 12.32, a P/E/G ratio of 2.96 and a beta of 1.05. The business’s fifty day moving average is $33.10 and its 200 day moving average is $34.84. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s payout ratio is 40.93%.

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.