HP Inc. (HPQ) Insider Sells $197,993.75 in Stock
HP Inc. (NYSE:HPQ) insider Marie Myers sold 10,025 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $19.75, for a total value of $197,993.75. Following the sale, the insider now owns 10,025 shares in the company, valued at approximately $197,993.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Marie Myers also recently made the following trade(s):
- On Friday, September 15th, Marie Myers sold 10,025 shares of HP stock. The stock was sold at an average price of $19.50, for a total value of $195,487.50.
- 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.
Shares of HP Inc. (HPQ) opened at 19.94 on Monday. The company’s 50 day moving average price is $19.18 and its 200 day moving average price is $18.44. HP Inc. has a 12 month low of $13.77 and a 12 month high of $19.95. The company has a market capitalization of $33.30 billion, a P/E ratio of 14.49 and a beta of 1.93.
HP (NYSE:HPQ) last posted its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 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 business had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.31 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Analysts expect that HP Inc. will post $1.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, September 12th. HP’s payout ratio is currently 38.41%.
A number of equities research analysts have recently issued reports on the company. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $20.00 price objective on shares of HP in a research note on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 target price (up from $19.00) on shares of HP in a report on Tuesday, September 5th. Royal Bank Of Canada raised HP from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $22.00 in a report on Thursday, July 20th. BidaskClub lowered HP from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Maxim Group reissued a “hold” rating and set a $22.00 target price (up from $21.00) on shares of HP in a report on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.57.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HPQ. Boston Partners lifted its stake in shares of HP by 304.9% in the 2nd quarter. Boston Partners now owns 26,117,561 shares of the computer maker’s stock valued at $456,535,000 after acquiring an additional 19,667,780 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in HP during the 1st quarter valued at approximately $79,108,000. Renaissance Technologies LLC bought a new position in HP during the 1st quarter valued at approximately $62,824,000. Parametric Portfolio Associates LLC raised its position in HP by 87.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,213,170 shares of the computer maker’s stock valued at $126,086,000 after purchasing an additional 3,358,299 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in HP by 26.3% during the 2nd quarter. Wells Fargo & Company MN now owns 14,487,057 shares of the computer maker’s stock valued at $253,233,000 after purchasing an additional 3,017,182 shares during the last quarter. 79.18% of the stock is owned by institutional investors.
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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