First Horizon Advisors Inc. Acquires 9,956 Shares of HP Inc. (NYSE:HPQ)

First Horizon Advisors Inc. lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 550,059 shares of the computer maker’s stock after buying an additional 9,956 shares during the period. First Horizon Advisors Inc.’s holdings in HP were worth $16,551,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after purchasing an additional 12,883,347 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of HP by 4,180.9% during the fourth quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after buying an additional 9,294,209 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of HP by 145.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock valued at $156,535,000 after acquiring an additional 3,613,742 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of HP by 104.6% during the 3rd quarter. Hsbc Holdings PLC now owns 4,352,558 shares of the computer maker’s stock valued at $112,014,000 after acquiring an additional 2,225,530 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in HP during the 3rd quarter worth $54,302,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the transaction, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was 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 quarter, insiders have sold 116,723 shares of company stock valued at $3,479,287. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

HP Price Performance

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

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that HP Inc. will post 3.42 EPS for the current year.

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.