Fulton Bank N.A. Raises Stock Holdings in HP Inc. (NYSE:HPQ)

Fulton Bank N.A. raised its position in shares of HP Inc. (NYSE:HPQFree Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,111 shares of the computer maker’s stock after buying an additional 10,787 shares during the quarter. Fulton Bank N.A.’s holdings in HP were worth $4,385,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Rosenberg Matthew Hamilton lifted its position in HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of HP in the 4th quarter worth approximately $28,000. Janiczek Wealth Management LLC grew its stake in shares of HP by 116.7% in the 4th 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 during the last quarter. Rise Advisors LLC increased its position in HP by 377.9% during the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock valued at $32,000 after buying an additional 839 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in HP during the fourth quarter valued at $34,000. Institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HPQ shares. Citigroup raised their price target on HP from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Morgan Stanley lifted their target price on shares of HP from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. increased their price target on shares of HP from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Barclays boosted their price objective on shares of HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, TD Cowen increased their target price on HP from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.64.

Read Our Latest Analysis on HP

HP Trading Down 1.4 %

NYSE HPQ traded down $0.50 during trading hours on Thursday, hitting $36.25. 9,202,153 shares of the company’s stock traded hands, compared to its average volume of 8,232,236. HP Inc. has a 52 week low of $25.22 and a 52 week high of $39.52. The firm has a market capitalization of $35.47 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.34 and a beta of 1.12. The business’s fifty day moving average price is $31.78 and its two-hundred day moving average price is $30.34.

HP (NYSE:HPQGet Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The computer maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.61 billion. HP had a net margin of 5.60% and a negative return on equity of 230.39%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. On average, sell-side analysts expect that HP Inc. will post 3.45 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.2756 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, September 11th. HP’s dividend payout ratio (DPR) is currently 37.16%.

HP Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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