First Horizon Advisors Inc. Has $16.55 Million Holdings in HP Inc. (NYSE:HPQ)

First Horizon Advisors Inc. increased its stake in shares of HP Inc. (NYSE:HPQ) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 550,059 shares of the computer maker’s stock after acquiring an additional 9,956 shares during the period. First Horizon Advisors Inc. owned 0.06% of HP worth $16,551,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new stake in shares of HP in the fourth quarter worth $498,000. First Trust Direct Indexing L.P. raised its holdings in HP by 33.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 28,412 shares of the computer maker’s stock worth $855,000 after acquiring an additional 7,089 shares during the period. Brighton Jones LLC lifted its position in HP by 7.1% during the 4th quarter. Brighton Jones LLC now owns 21,964 shares of the computer maker’s stock worth $661,000 after acquiring an additional 1,456 shares during the last quarter. Auxano Advisors LLC bought a new stake in HP during the fourth quarter valued at about $233,000. Finally, Van ECK Associates Corp grew its position in shares of HP by 8.2% in the fourth quarter. Van ECK Associates Corp now owns 30,151 shares of the computer maker’s stock valued at $907,000 after purchasing an additional 2,293 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Trading Down 0.0 %

HPQ stock traded down $0.01 during midday trading on Thursday, hitting $27.74. The stock had a trading volume of 1,967,356 shares, compared to its average volume of 7,828,940. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90. The stock has a 50-day simple moving average of $29.24 and a 200 day simple moving average of $28.89. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 2.35 and a beta of 1.06.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The company had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. On average, equities analysts forecast that HP Inc. will post 3.42 EPS for the current year.

Insider Buying and Selling at HP

In other HP news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the sale, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the transaction, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the business’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,723 shares of company stock valued at $3,479,287. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HPQ shares. Barclays boosted their price objective on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Finally, HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.11.

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.