Tompkins Financial Corp Grows Holdings in HP Inc. (NYSE:HPQ)

Tompkins Financial Corp raised its position in HP Inc. (NYSE:HPQ) by 386.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,895 shares of the computer maker’s stock after buying an additional 2,300 shares during the period. Tompkins Financial Corp’s holdings in HP were worth $94,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new stake in shares of HP in the third quarter worth $25,000. Wolff Wiese Magana LLC grew its holdings in HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of HP in the 3rd quarter worth about $37,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HP during the third quarter worth about $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 137,094 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 273,035 shares of company stock valued at $9,670,068 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $32.53 on Friday. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The firm has a fifty day moving average of $34.87 and a 200-day moving average of $35.36. The company has a market cap of $30.51 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the business posted $0.90 EPS. HP’s revenue was up 1.7% on a year-over-year basis. Analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a $0.2894 dividend. This is a boost from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.56%. The ex-dividend date was Wednesday, December 11th. HP’s dividend payout ratio (DPR) is currently 41.28%.

Wall Street Analyst Weigh In

HPQ has been the subject of several research analyst reports. HSBC lowered HP from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. TD Cowen boosted their price target on HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Sanford C. Bernstein raised their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.23.

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.