HP Inc. (NYSE:HPQ) Director Margaret C. Whitman sold 147,968 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $18.00, for a total transaction of $2,663,424.00. Following the sale, the director now directly owns 618,857 shares of the company’s stock, valued at $11,139,426. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of HP Inc. (NYSE HPQ) traded up 2.02% during mid-day trading on Monday, reaching $18.16. 14,175,294 shares of the company traded hands. HP Inc. has a 52-week low of $11.48 and a 52-week high of $19.58. The stock has a market capitalization of $30.57 billion, a PE ratio of 12.84 and a beta of 1.76. The stock’s 50 day moving average is $18.61 and its 200 day moving average is $16.99.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. HP had a negative return on equity of 68.86% and a net margin of 4.94%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.93 billion. During the same quarter last year, the business earned $0.41 earnings per share. HP’s revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that HP Inc. will post $1.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be given a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, June 12th. HP’s payout ratio is currently 37.32%.

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Several hedge funds and other institutional investors have recently modified their holdings of HPQ. American Beacon Advisors Inc. bought a new position in shares of HP during the first quarter worth approximately $112,000. CWM LLC boosted its position in shares of HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after buying an additional 675 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of HP by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock worth $124,000 after buying an additional 3,264 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of HP by 24.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,452 shares of the computer maker’s stock worth $133,000 after buying an additional 1,488 shares during the last quarter. Institutional investors own 80.37% of the company’s stock.

Several research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $23.00 price objective on shares of HP in a report on Monday. BidaskClub lowered shares of HP from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Vetr lowered shares of HP from a “buy” rating to a “hold” rating and set a $19.72 price objective for the company. in a report on Monday, June 5th. FBN Securities reissued an “outperform” rating and set a $23.00 price objective (up from $19.00) on shares of HP in a report on Sunday, May 28th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $14.00 price objective on shares of HP in a report on Friday, May 26th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. HP currently has a consensus rating of “Hold” and a consensus price target of $19.69.

HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Insider Buying and Selling by Quarter for HP (NYSE:HPQ)

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