HP Inc. (HPQ) Insider Marie Myers Sells 10,025 Shares of Stock
HP Inc. (NYSE:HPQ) insider Marie Myers sold 10,025 shares of HP stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.50, for a total value of $195,487.50. Following the transaction, the insider now owns 10,025 shares of the company’s stock, valued at $195,487.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Marie Myers also recently made the following trade(s):
- On Tuesday, September 5th, Marie Myers sold 11,752 shares of HP stock. The stock was sold at an average price of $19.25, for a total value of $226,226.00.
- On Wednesday, June 28th, Marie Myers sold 12,119 shares of HP stock. The stock was sold at an average price of $18.07, for a total value of $218,990.33.
HP Inc. (NYSE HPQ) opened at 19.59 on Tuesday. The firm has a 50-day moving average price of $19.17 and a 200-day moving average price of $18.43. The firm has a market cap of $32.72 billion, a PE ratio of 14.24 and a beta of 1.93. HP Inc. has a one year low of $13.77 and a one year high of $19.78.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that HP Inc. will post $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is currently 38.41%.
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Hedge funds have recently modified their holdings of the business. Trexquant Investment LP bought a new stake in HP during the first quarter worth about $833,000. ZWJ Investment Counsel Inc. bought a new stake in HP during the first quarter worth about $443,000. Cornerstone Capital Management Holdings LLC. lifted its stake in HP by 106.5% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 1,462,303 shares of the computer maker’s stock worth $26,145,000 after purchasing an additional 754,019 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in HP by 2.4% during the second quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock worth $4,476,000 after purchasing an additional 6,074 shares during the last quarter. Finally, American Beacon Advisors Inc. bought a new stake in HP during the first quarter worth about $112,000. 79.18% of the stock is owned by hedge funds and other institutional investors.
HPQ has been the subject of several recent research reports. Stifel Nicolaus restated a “hold” rating and issued a $14.00 price target on shares of HP in a research note on Friday, May 26th. Jefferies Group LLC boosted their price target on HP from $18.00 to $18.75 and gave the company a “hold” rating in a research note on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of HP in a research note on Thursday, August 24th. Bank of America Corporation boosted their price target on HP from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, FBN Securities restated an “outperform” rating and issued a $25.00 price target (up from $23.00) on shares of HP in a research note on Thursday, August 24th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. HP presently has an average rating of “Buy” and an average target price of $20.57.
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.
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