Plimoth Trust Co. LLC Has $344,000 Holdings in HP Inc. (NYSE:HPQ)
Plimoth Trust Co. LLC cut its stake in shares of HP Inc. (NYSE:HPQ) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,525 shares of the computer maker’s stock after selling 1,020 shares during the period. Plimoth Trust Co. LLC’s holdings in HP were worth $344,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new stake in shares of HP in the first quarter worth $27,000. First Personal Financial Services grew its stake in shares of HP by 101.9% in the first quarter. First Personal Financial Services now owns 1,621 shares of the computer maker’s stock worth $31,000 after purchasing an additional 818 shares during the last quarter. Coastal Capital Group Inc. bought a new stake in shares of HP in the second quarter worth $39,000. Rational Advisors LLC grew its stake in shares of HP by 1,557.8% in the first quarter. Rational Advisors LLC now owns 1,923 shares of the computer maker’s stock worth $37,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Berman Capital Advisors LLC grew its stake in shares of HP by 378.6% in the second quarter. Berman Capital Advisors LLC now owns 2,034 shares of the computer maker’s stock worth $42,000 after purchasing an additional 1,609 shares during the last quarter. Institutional investors own 77.16% of the company’s stock.
Shares of HPQ stock traded up $0.15 on Wednesday, reaching $19.06. 1,663,233 shares of the company were exchanged, compared to its average volume of 8,836,764. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 2.87 and a beta of 1.40. The company has a 50-day moving average of $20.52 and a 200-day moving average of $20.38. HP Inc. has a one year low of $18.06 and a one year high of $27.08.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.36%. HP’s dividend payout ratio (DPR) is presently 31.68%.
In related news, Director Shumeet Banerji sold 28,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $20.00, for a total value of $560,000.00. Following the sale, the director now owns 31,311 shares in the company, valued at approximately $626,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Claire Bramley sold 15,819 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $316,380.00. The disclosure for this sale can be found here. Insiders have sold a total of 213,635 shares of company stock worth $4,423,266 in the last three months. Insiders own 0.28% of the company’s stock.
Several analysts recently weighed in on the stock. Deutsche Bank assumed coverage on shares of HP in a research note on Wednesday, June 19th. They issued a “hold” rating and a $20.00 price objective on the stock. Citigroup cut shares of HP from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $21.00 in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of HP from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, June 25th. Morgan Stanley upped their price target on shares of HP from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Finally, Wolfe Research cut shares of HP from an “outperform” rating to a “peer perform” rating and cut their price target for the company from $25.00 to $21.00 in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. HP presently has a consensus rating of “Hold” and a consensus target price of $23.74.
HP Company 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.
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