HP Inc. (NYSE:HPQ) Director Margaret C. Whitman sold 73,992 shares of HP stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $17.70, for a total value of $1,309,658.40. Following the sale, the director now directly owns 544,881 shares of the company’s stock, valued at $9,644,393.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

HP Inc. (NYSE HPQ) traded up 0.51% during mid-day trading on Friday, reaching $17.80. The company’s stock had a trading volume of 14,051,542 shares. The stock’s 50 day moving average is $18.61 and its 200 day moving average is $16.99. The firm has a market cap of $29.96 billion, a PE ratio of 12.59 and a beta of 1.76. HP Inc. has a one year low of $11.48 and a one year high of $19.58.

HP (NYSE:HPQ) last posted its 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 business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.93 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that HP Inc. will post $1.63 EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, June 12th. HP’s dividend payout ratio (DPR) is currently 37.32%.

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Hedge funds have recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new stake in HP during the first quarter worth approximately $112,000. CWM LLC boosted its stake in 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 period. YorkBridge Wealth Partners LLC boosted its stake in 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 period. TrimTabs Asset Management LLC boosted its stake in 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 period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in 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 period. Institutional investors and hedge funds own 80.37% of the company’s stock.

A number of brokerages have weighed in on HPQ. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $20.00 target price (up from $18.00) on shares of HP in a research report on Friday, May 19th. Mizuho lifted their target price on HP from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Barclays PLC lifted their target price on HP from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $16.00 target price (up from $15.50) on shares of HP in a research report on Thursday, February 23rd. Finally, Zacks Investment Research raised HP from a “sell” rating to a “hold” rating in a research report on Friday, February 24th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.08.

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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