Vest Financial LLC Buys 15,989 Shares of HP Inc. (NYSE:HPQ)

Vest Financial LLC boosted its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 63.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,383 shares of the computer maker's stock after buying an additional 15,989 shares during the quarter. Vest Financial LLC's holdings in HP were worth $1,146,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of HP during the 4th quarter worth approximately $229,320,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of HP in the fourth quarter valued at $65,260,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HP in the fourth quarter valued at $63,612,000. Northern Trust Corp raised its position in shares of HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after purchasing an additional 1,755,942 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of HP during the 4th quarter worth about $55,915,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HPQ. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company lowered their target price on HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. Evercore ISI reduced their price target on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Loop Capital lowered their price objective on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Finally, UBS Group reduced their target price on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.54.

HP Stock Down 0.4%

HPQ stock traded down $0.10 during trading on Thursday, reaching $24.72. The stock had a trading volume of 5,663,340 shares, compared to its average volume of 7,856,675. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 2.96 and a beta of 1.30. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The company's 50 day moving average is $25.66 and its two-hundred day moving average is $30.03.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to analysts' expectations of $13.09 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio is 44.40%.

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.