Cambridge Trust Co. Sells 9,942 Shares of HP Inc. (NYSE:HPQ)

Cambridge Trust Co. lowered its holdings in shares of HP Inc. (NYSE:HPQ) by 55.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,000 shares of the computer maker’s stock after selling 9,942 shares during the period. Cambridge Trust Co.’s holdings in HP were worth $241,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mascoma Wealth Management LLC bought a new stake in shares of HP during the third quarter worth approximately $25,000. Rosenberg Matthew Hamilton raised its position in HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares in the last quarter. Certified Advisory Corp acquired a new position in HP during the first quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of HP during the fourth quarter worth $28,000. Finally, Janiczek Wealth Management LLC increased its holdings in shares of HP by 116.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after buying an additional 566 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of several research analyst reports. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $33.00 in a report on Wednesday, February 14th. Barclays upped their price target on shares of 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 shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

HP Stock Up 0.7 %

Shares of HP stock opened at $27.82 on Friday. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90. The stock has a market cap of $27.28 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 2.31 and a beta of 1.05. The company’s fifty day moving average is $29.34 and its 200 day moving average is $28.78.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. The business had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, equities analysts anticipate that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders 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 dividend on an annualized basis and a yield of 3.96%. HP’s dividend payout ratio (DPR) is currently 32.16%.

Insider Buying and Selling at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the transaction, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,723 shares of company stock valued at $3,479,287. 0.41% of the stock is currently owned by insiders.

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.