Pure Financial Advisors LLC Purchases Shares of 9,043 HP Inc. (NYSE:HPQ)

Pure Financial Advisors LLC purchased a new stake in HP Inc. (NYSE:HPQ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,043 shares of the computer maker’s stock, valued at approximately $250,000.

Other institutional investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in HP in the fourth quarter valued at approximately $37,000. Financial Freedom LLC lifted its stake in HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after buying an additional 878 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after buying an additional 947 shares in the last quarter. Finally, Global X Japan Co. Ltd. bought a new position in HP in the first quarter valued at approximately $43,000. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HPQ. Barclays set a $28.00 price target on shares of HP and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Bank of America lowered their price target on shares of HP from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. KGI Securities initiated coverage on shares of HP in a research note on Thursday, May 29th. They issued a “neutral” rating on the stock. Wells Fargo & Company lowered their price target on shares of HP from $35.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, May 29th. Finally, Evercore ISI lowered their price target on shares of HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.54.

HP Price Performance

HP stock opened at $24.78 on Friday. The firm has a market capitalization of $23.27 billion, a PE ratio of 9.57, a P/E/G ratio of 2.00 and a beta of 1.30. The company’s 50-day moving average is $25.90 and its 200-day moving average is $29.04. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.67%. HP’s dividend payout ratio is presently 44.79%.

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.