HP Inc. (NYSE:HPQ) Shares Acquired by Barnett & Company Inc.

Barnett & Company Inc. boosted its holdings in HP Inc. (NYSE:HPQ) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,008 shares of the computer maker’s stock after purchasing an additional 458 shares during the quarter. HP comprises approximately 2.2% of Barnett & Company Inc.’s portfolio, making the stock its 13th biggest position. Barnett & Company Inc.’s holdings in HP were worth $3,329,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HPQ. Synergy Asset Management LLC purchased a new stake in shares of HP in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP in the fourth quarter valued at approximately $31,000. OFI Invest Asset Management acquired a new stake in shares of HP in the fourth quarter valued at approximately $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP during the third quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of HP in the 3rd quarter valued at $44,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by corporate insiders.

HP Stock Up 0.4 %

Shares of HPQ opened at $28.63 on Monday. The company has a market capitalization of $26.98 billion, a PE ratio of 10.19, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80. The company has a 50-day simple moving average of $31.88 and a 200-day simple moving average of $34.17.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HPQ. Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their price target on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Sanford C. Bernstein increased their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. TD Cowen dropped their target price on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Finally, Loop Capital decreased their price target on HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.