Frank Rimerman Advisors LLC Acquires 558 Shares of HP Inc. (NYSE:HPQ)

Frank Rimerman Advisors LLC boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 15,597 shares of the computer maker’s stock after buying an additional 558 shares during the period. Frank Rimerman Advisors LLC’s holdings in HP were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. Synergy Asset Management LLC bought a new stake in HP during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in HP during the 4th quarter valued at approximately $31,000. OFI Invest Asset Management bought a new stake in HP during the 4th quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in HP during the 3rd quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in HP during the 3rd quarter valued at approximately $44,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.

HP Stock Performance

Shares of HP stock opened at $28.43 on Monday. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The stock has a 50 day moving average price of $32.36 and a 200-day moving average price of $34.41. HP Inc. has a one year low of $27.43 and a one year high of $39.80.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is currently 41.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HPQ shares. HSBC downgraded HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Citigroup reduced their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. StockNews.com downgraded HP from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, Loop Capital reduced their price objective on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.14.

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.