Cambridge Trust Co. Has $177,000 Stake in HP Inc. (HPQ)
Cambridge Trust Co. decreased its stake in HP Inc. (NYSE:HPQ) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,129 shares of the computer maker’s stock after selling 15 shares during the period. Cambridge Trust Co.’s holdings in HP were worth $177,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of HP during the first quarter valued at approximately $112,000. CWM LLC raised its position in HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock valued at $115,000 after buying an additional 20 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock valued at $118,000 after buying an additional 675 shares during the last quarter. First Command Bank raised its position in HP by 80.0% in the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after buying an additional 2,984 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its position in HP by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock valued at $124,000 after buying an additional 3,264 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.
HP Inc. (NYSE:HPQ) opened at 19.32 on Tuesday. The company’s 50-day moving average is $18.17 and its 200-day moving average is $17.62. HP Inc. has a one year low of $13.55 and a one year high of $19.58. The firm has a market capitalization of $32.52 billion, a P/E ratio of 13.66 and a beta of 1.90.
HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. HP had a negative return on equity of 68.86% and a net margin of 4.94%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.93 billion. During the same period last year, the business earned $0.41 EPS. HP’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that HP Inc. will post $1.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio is currently 37.32%.
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HPQ has been the topic of several recent analyst reports. Citigroup Inc. raised shares of HP from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 18th. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, April 25th. Credit Suisse Group reissued a “buy” rating and set a $19.00 price objective on shares of HP in a research note on Tuesday, May 23rd. UBS AG reissued a “buy” rating and set a $22.00 price objective (up previously from $20.00) on shares of HP in a research note on Thursday, May 25th. Finally, Bank of America Corporation lifted their price objective on shares of HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. HP presently has a consensus rating of “Buy” and a consensus target price of $19.89.
In other HP news, insider Marie Myers sold 12,119 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.07, for a total transaction of $218,990.33. Following the transaction, the insider now directly owns 5,621 shares in the company, valued at approximately $101,571.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret C. Whitman sold 73,992 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $17.70, for a total value of $1,309,658.40. Following the transaction, the director now owns 544,881 shares in the company, valued at $9,644,393.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,748,815 shares of company stock worth $32,623,560. 0.62% of the stock is owned by company insiders.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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