Raymond James Trust N.A. Sells 474 Shares of HP Inc. (NYSE:HPQ)

Posted by on Apr 27th, 2023

Raymond James Trust N.A. decreased its position in HP Inc. (NYSE:HPQ – Get Rating) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,953 shares of the computer maker’s stock after selling 474 shares during the period. Raymond James Trust N.A.’s holdings in HP were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPQ. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in HP by 89.9% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 873,243 shares of the computer maker’s stock worth $31,698,000 after buying an additional 413,491 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in HP by 46.6% during the first quarter. Canada Pension Plan Investment Board now owns 305,877 shares of the computer maker’s stock worth $11,103,000 after buying an additional 97,178 shares during the last quarter. Prudential PLC bought a new position in HP during the first quarter worth about $892,000. Cetera Investment Advisers boosted its holdings in HP by 6.8% during the first quarter. Cetera Investment Advisers now owns 17,651 shares of the computer maker’s stock worth $641,000 after buying an additional 1,121 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of HP during the first quarter worth about $309,000. Institutional investors own 79.68% of the company’s stock.

Insider Activity at HP

In related news, CFO Marie Myers sold 7,380 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $29.87, for a total value of $220,440.60. Following the completion of the sale, the chief financial officer now directly owns 22,648 shares in the company, valued at approximately $676,495.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Marie Myers sold 7,380 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $29.87, for a total transaction of $220,440.60. Following the completion of the transaction, the chief financial officer now owns 22,648 shares of the company’s stock, valued at approximately $676,495.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Enrique Lores sold 38,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $29.51, for a total value of $1,121,380.00. Following the completion of the transaction, the chief executive officer now owns 766,268 shares of the company’s stock, valued at $22,612,568.68. The disclosure for this sale can be found here. Insiders sold 56,925 shares of company stock worth $1,678,337 in the last ninety days. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research analyst reports. Bank of America dropped their price target on HP from $27.00 to $26.00 in a research report on Wednesday, March 1st. TheStreet lowered HP from a “b-” rating to a “c+” rating in a research report on Tuesday, February 28th. JPMorgan Chase & Co. raised HP from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $35.00 in a research report on Monday, April 17th. Sanford C. Bernstein dropped their price target on HP from $30.00 to $29.00 in a research report on Monday, January 9th. Finally, StockNews.com initiated coverage on HP in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.50.

HP Trading Down 1.0 %

Shares of NYSE HPQ opened at $28.96 on Thursday. HP Inc. has a 12 month low of $24.08 and a 12 month high of $40.79. The stock has a 50 day moving average of $29.03 and a 200-day moving average of $28.46. The company has a market capitalization of $28.54 billion, a P/E ratio of 11.54, a P/E/G ratio of 3.26 and a beta of 1.00.

HP (NYSE:HPQ – Get Rating) last issued its earnings results on Tuesday, February 28th. The computer maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.17 billion. HP had a negative return on equity of 141.20% and a net margin of 4.36%. The firm’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Analysts predict that HP Inc. will post 3.3 EPS for the current fiscal year.

HP Company Profile

(Get Rating)

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.

Recommended Stories

Institutional Ownership by Quarter for HP (NYSE:HPQ)

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.