Beaumont Financial Partners LLC Has $500,000 Stock Position in HP Inc. (NYSE:HPQ)

Beaumont Financial Partners LLC boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,346 shares of the computer maker’s stock after buying an additional 805 shares during the period. Beaumont Financial Partners LLC’s holdings in HP were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Ackerman Capital Advisors LLC acquired a new position in HP in the 4th quarter worth about $308,000. First American Bank acquired a new position in HP in the 4th quarter worth about $2,665,000. Parallel Advisors LLC increased its position in HP by 40.5% in the 4th quarter. Parallel Advisors LLC now owns 14,927 shares of the computer maker’s stock worth $307,000 after purchasing an additional 4,304 shares during the last quarter. National Pension Service increased its position in HP by 4.8% in the 3rd quarter. National Pension Service now owns 2,102,980 shares of the computer maker’s stock worth $39,788,000 after purchasing an additional 96,185 shares during the last quarter. Finally, Maverick Capital Ltd. increased its position in HP by 140.2% in the 3rd quarter. Maverick Capital Ltd. now owns 341,643 shares of the computer maker’s stock worth $6,464,000 after purchasing an additional 199,423 shares during the last quarter. 84.07% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Christoph Schell sold 42,804 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.99, for a total transaction of $855,651.96. Following the completion of the sale, the insider now owns 144,684 shares in the company, valued at approximately $2,892,233.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Several research analysts have weighed in on HPQ shares. Evercore ISI raised HP from an “in-line” rating to an “outperform” rating and set a $24.00 target price on the stock in a research report on Monday, November 11th. Morgan Stanley upped their target price on HP from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, December 4th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of HP in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.56.

HPQ opened at $22.22 on Friday. The company has a market cap of $31.82 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 4.79 and a beta of 1.41. The stock has a 50-day moving average of $21.40 and a 200-day moving average of $19.56. HP Inc. has a 52-week low of $15.93 and a 52-week high of $24.09.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.29 billion. HP had a negative return on equity of 241.43% and a net margin of 5.36%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, research analysts predict that HP Inc. will post 2.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.1762 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, March 10th. This is an increase from HP’s previous quarterly dividend of $0.18. HP’s dividend payout ratio is 31.25%.

HP 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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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