HP Inc. (NYSE:HPQ) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its holdings in HP Inc. (NYSE:HPQ - Free Report) by 432.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,171 shares of the computer maker's stock after purchasing an additional 28,565 shares during the quarter. Diversified Trust Co's holdings in HP were worth $974,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HPQ. West Paces Advisors Inc. boosted its holdings in HP by 3.2% in the fourth quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after purchasing an additional 298 shares during the period. TIAA Trust National Association boosted its holdings in HP by 1.8% in the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after purchasing an additional 302 shares during the period. HBK Sorce Advisory LLC boosted its holdings in HP by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after purchasing an additional 306 shares during the period. Auxano Advisors LLC boosted its holdings in HP by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after purchasing an additional 310 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in HP by 1.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 20,384 shares of the computer maker's stock valued at $665,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. TD Cowen cut their price target on HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Evercore ISI cut their price target on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Bank of America cut their price target on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, Citigroup cut their price target on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $29.54.

HP Stock Performance

HPQ traded up $0.07 during trading on Friday, reaching $24.78. The company's stock had a trading volume of 13,831,875 shares, compared to its average volume of 7,868,515. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.80. The company's fifty day moving average price is $25.90 and its 200-day moving average price is $29.00. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 2.01 and a beta of 1.30.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business had revenue of $13.22 billion during the quarter, compared to analysts' expectations of $13.09 billion. During the same period in the prior year, the firm posted $0.82 EPS. HP's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.79%.

About HP

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.