Barry Investment Advisors LLC Sells 627 Shares of HP Inc. (NYSE:HPQ)

Barry Investment Advisors LLC decreased its position in HP Inc. (NYSE:HPQ) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,093 shares of the computer maker’s stock after selling 627 shares during the quarter. Barry Investment Advisors LLC’s holdings in HP were worth $234,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of HP in the third quarter worth $25,000. Wolff Wiese Magana LLC grew its stake in shares of HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of HP during the third quarter valued at $37,000. Itau Unibanco Holding S.A. bought a new stake in HP in the 3rd quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in HP in the 3rd quarter worth about $44,000. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HPQ shares. JPMorgan Chase & Co. reduced their price objective on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Sanford C. Bernstein boosted their price target on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. TD Cowen boosted their price target on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Citigroup cut their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. One investment 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. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $36.23.

HP Trading Down 1.8 %

NYSE HPQ opened at $32.74 on Wednesday. The stock’s 50 day moving average is $34.30 and its 200 day moving average is $35.25. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The stock has a market cap of $30.70 billion, a PE ratio of 11.65, a P/E/G ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. On average, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.54%. This is a boost from HP’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. HP’s dividend payout ratio is 41.28%.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the transaction, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. This represents 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 ninety days. Corporate insiders own 0.41% of the company’s stock.

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.