HP Inc. (HPQ) Director Margaret C. Whitman Sells 295,936 Shares
HP Inc. (NYSE:HPQ) Director Margaret C. Whitman sold 295,936 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $19.00, for a total transaction of $5,622,784.00. Following the transaction, the director now owns 766,825 shares of the company’s stock, valued at approximately $14,569,675. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
HP Inc. (NYSE HPQ) traded up 1.11% during trading on Friday, reaching $19.15. 9,235,767 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $17.98 and its 200-day moving average price is $17.35. HP Inc. has a one year low of $13.55 and a one year high of $19.58. The stock has a market cap of $32.24 billion, a P/E ratio of 13.54 and a beta of 1.89.
HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.93 billion. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that HP Inc. will post $1.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th were given a $0.1327 dividend. The ex-dividend date was Monday, June 12th. This represents a $0.53 annualized dividend and a dividend yield of 2.77%. HP’s dividend payout ratio is presently 37.32%.
Several large investors have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in HP during the first quarter valued at approximately $79,108,000. Renaissance Technologies LLC acquired a new stake in HP during the first quarter valued at approximately $62,824,000. DnB Asset Management AS raised its stake in HP by 694.8% in the first quarter. DnB Asset Management AS now owns 3,939,034 shares of the computer maker’s stock valued at $70,430,000 after buying an additional 3,443,455 shares in the last quarter. Morgan Stanley raised its stake in HP by 69.4% in the first quarter. Morgan Stanley now owns 7,333,354 shares of the computer maker’s stock valued at $131,121,000 after buying an additional 3,003,129 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in HP by 3.5% in the first quarter. Primecap Management Co. CA now owns 63,851,245 shares of the computer maker’s stock valued at $1,141,660,000 after buying an additional 2,163,147 shares in the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.
A number of research analysts have issued reports on the stock. UBS AG restated a “buy” rating and set a $20.00 price target (up previously from $18.00) on shares of HP in a research note on Monday, April 3rd. Mizuho upgraded shares of HP from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $21.00 in a research note on Monday, July 10th. Royal Bank Of Canada restated a “hold” rating and set a $21.00 price target on shares of HP in a research note on Friday, July 14th. Citigroup Inc. set a $20.00 price target on shares of HP and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $21.00 price target on shares of HP in a research note on Thursday, March 23rd. Ten equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.89.
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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