Norwood Financial Corp Buys 1,086 Shares of HP Inc. (NYSE:HPQ)

Norwood Financial Corp raised its stake in shares of HP Inc. (NYSE:HPQ) by 23.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,679 shares of the computer maker’s stock after purchasing an additional 1,086 shares during the quarter. Norwood Financial Corp’s holdings in HP were worth $172,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its position in shares of 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 in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of HP during the 4th quarter valued at about $28,000. Janiczek Wealth Management LLC boosted its position in shares of HP by 116.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after acquiring an additional 566 shares in the last quarter. Rise Advisors LLC boosted its position in shares of 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 acquiring an additional 839 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of HP during the 4th quarter valued at about $34,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 0.9 %

Shares of HPQ traded up $0.30 on Friday, reaching $35.01. 14,542,966 shares of the company’s stock were exchanged, compared to its average volume of 8,306,981. The stock has a market capitalization of $34.26 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. The business has a 50 day moving average price of $32.71 and a two-hundred day moving average price of $30.60. HP Inc. has a 12 month low of $25.22 and a 12 month high of $39.52.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 29th. The computer maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.61 billion. HP had a net margin of 5.60% and a negative return on equity of 230.39%. HP’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. Equities research analysts predict that HP Inc. will post 3.45 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a $0.2756 dividend. This represents a $1.10 annualized dividend and a yield of 3.15%. The ex-dividend date is Wednesday, September 11th. HP’s payout ratio is presently 37.16%.

Insider Buying and Selling at HP

In other HP news, insider Alex Cho sold 173,137 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $36.11, for a total value of $6,251,977.07. Following the completion of the sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,335,450.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HPQ shares. UBS Group boosted their price target on shares of HP from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. TD Cowen boosted their price target on shares of HP from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Barclays boosted their price target on shares of HP from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Citigroup boosted their price target on shares of HP from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Finally, Wells Fargo & Company boosted their price target on shares of HP from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HP presently has an average rating of “Moderate Buy” and an average target price of $34.64.

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.