Marie Myers Sells 11,752 Shares of HP Inc. (HPQ) Stock
HP Inc. (NYSE:HPQ) insider Marie Myers sold 11,752 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.25, for a total transaction of $226,226.00. Following the transaction, the insider now directly owns 11,752 shares in the company, valued at approximately $226,226. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Marie Myers also recently made the following trade(s):
- On Wednesday, June 28th, Marie Myers sold 12,119 shares of HP stock. The shares were sold at an average price of $18.07, for a total transaction of $218,990.33.
Shares of HP Inc. (NYSE HPQ) traded down 0.46% during mid-day trading on Thursday, reaching $19.28. 5,716,448 shares of the company’s stock traded hands. The firm’s 50-day moving average is $19.11 and its 200 day moving average is $18.30. The firm has a market cap of $32.41 billion, a price-to-earnings ratio of 14.01 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 posted its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The firm had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same period last year, the firm posted $0.48 EPS. HP’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts predict that HP Inc. will post $1.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be given a $0.1327 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.75%. HP’s dividend payout ratio (DPR) is 38.41%.
Large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its position in HP by 19.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after buying an additional 1,013 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in HP in the 1st quarter valued at $112,000. YorkBridge Wealth Partners LLC grew its position in HP by 12.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock valued at $118,000 after buying an additional 675 shares during the last quarter. First Command Bank grew its position in HP by 80.0% in the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after buying an additional 2,984 shares during the last quarter. Finally, Evercore Wealth Management LLC grew its position in HP by 14.0% in the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after buying an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.
HPQ has been the topic of a number of research reports. Bank of America Corporation raised their target price on shares of HP from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. UBS AG reissued a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of HP in a research report on Thursday, May 25th. Credit Suisse Group reissued a “buy” rating and set a $19.00 target price on shares of HP in a research report on Tuesday, May 23rd. Citigroup Inc. set a $20.00 price objective on shares of HP and gave the stock a “buy” rating in a research report on Thursday, May 25th. Finally, Mizuho raised shares of HP from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Monday, July 10th. Ten analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus 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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