Trustmark National Bank Trust Department Sells 12,673 Shares of HP Inc. (HPQ)

Trustmark National Bank Trust Department trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,812 shares of the computer maker’s stock after selling 12,673 shares during the quarter. Trustmark National Bank Trust Department’s holdings in HP were worth $3,265,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its position in HP by 2.7% during the second quarter. New York State Common Retirement Fund now owns 5,398,313 shares of the computer maker’s stock worth $94,363,000 after acquiring an additional 141,258 shares during the period. Accident Compensation Corp increased its position in HP by 5.8% during the second quarter. Accident Compensation Corp now owns 181,450 shares of the computer maker’s stock worth $3,172,000 after acquiring an additional 10,000 shares during the period. Thrivent Financial For Lutherans increased its position in HP by 641.1% during the second quarter. Thrivent Financial For Lutherans now owns 467,751 shares of the computer maker’s stock worth $8,176,000 after acquiring an additional 404,631 shares during the period. ProShare Advisors LLC increased its position in HP by 6.2% during the second quarter. ProShare Advisors LLC now owns 270,949 shares of the computer maker’s stock worth $4,736,000 after acquiring an additional 15,758 shares during the period. Finally, Profund Advisors LLC increased its position in HP by 12.1% during the second quarter. Profund Advisors LLC now owns 53,027 shares of the computer maker’s stock worth $927,000 after acquiring an additional 5,708 shares during the period. 79.18% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on HPQ. Bank of America Corporation raised their price target on shares of HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. UBS AG reaffirmed a “buy” rating and set a $22.00 price target (up from $20.00) on shares of HP in a research report on Thursday, May 25th. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price target on shares of HP in a research report on Thursday, August 24th. Finally, Jefferies Group LLC raised their price target on shares of HP from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Ten investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $20.57.

In other HP news, Director Margaret C. Whitman sold 73,992 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $17.70, for a total transaction of $1,309,658.40. Following the transaction, the director now directly owns 544,881 shares in the company, valued at $9,644,393.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marie Myers sold 10,025 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $195,487.50. Following the transaction, the insider now owns 10,025 shares in the company, valued at $195,487.50. The disclosure for this sale can be found here. Insiders have sold 1,661,600 shares of company stock worth $31,095,035 over the last quarter. Company insiders own 0.62% of the company’s stock.

HP Inc. (HPQ) traded down 0.434% during midday trading on Tuesday, reaching $19.505. 2,156,508 shares of the company traded hands. HP Inc. has a one year low of $13.77 and a one year high of $19.78. The stock’s 50 day moving average is $19.17 and its 200 day moving average is $18.43. The company has a market capitalization of $32.58 billion, a price-to-earnings ratio of 14.175 and a beta of 1.93.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $12.31 billion. During the same period last year, the business earned $0.48 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that HP Inc. will post $1.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, September 12th. HP’s payout ratio is currently 38.41%.

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HP Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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