HP Inc (HPQ) Insider Sells $212,000.00 in Stock

HP Inc (NYSE:HPQ) insider Marie Myers sold 10,000 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $21.20, for a total transaction of $212,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Marie Myers also recently made the following trade(s):

  • On Saturday, December 29th, Marie Myers sold 10,000 shares of HP stock. The stock was sold at an average price of $21.20, for a total transaction of $212,000.00.
  • On Wednesday, December 20th, Marie Myers sold 10,000 shares of HP stock. The stock was sold at an average price of $21.55, for a total transaction of $215,500.00.

Shares of HP Inc (NYSE:HPQ) opened at $21.53 on Friday. HP Inc has a fifty-two week low of $14.40 and a fifty-two week high of $22.68. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. The company has a market cap of $35,158.52, a P/E ratio of 14.45, a PEG ratio of 2.26 and a beta of 1.82.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The firm had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. sell-side analysts forecast that HP Inc will post 1.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.1393 per share. This is a boost from HP’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.59%. HP’s dividend payout ratio is presently 37.58%.

Several large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its holdings in HP by 5.1% in the second quarter. Neuberger Berman Group LLC now owns 286,730 shares of the computer maker’s stock worth $5,012,000 after purchasing an additional 13,904 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in HP by 49.3% in the second quarter. Principal Financial Group Inc. now owns 4,112,234 shares of the computer maker’s stock worth $71,881,000 after purchasing an additional 1,358,725 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in HP by 19.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after purchasing an additional 1,013 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in HP by 107.4% in the second quarter. Eagle Asset Management Inc. now owns 249,525 shares of the computer maker’s stock worth $4,361,000 after purchasing an additional 129,207 shares during the last quarter. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in HP in the second quarter worth approximately $2,758,000. Hedge funds and other institutional investors own 80.89% of the company’s stock.

A number of equities analysts have weighed in on HPQ shares. Loop Capital raised their target price on shares of HP from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Deutsche Bank reaffirmed a “buy” rating and set a $25.00 target price on shares of HP in a research note on Wednesday, November 22nd. Maxim Group reaffirmed a “hold” rating and set a $25.00 target price on shares of HP in a research note on Friday, October 27th. Finally, Citigroup raised their target price on shares of HP from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Twelve investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. HP currently has an average rating of “Buy” and a consensus target price of $21.31.

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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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