Insider Selling: HP Inc. (HPQ) Insider Sells 10,025 Shares of Stock
HP Inc. (NYSE:HPQ) insider Marie Myers sold 10,025 shares of HP stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $195,487.50. Following the completion of the transaction, the insider now owns 10,025 shares of the company’s stock, valued at approximately $195,487.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Marie Myers also recently made the following trade(s):
- 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 transaction 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 transaction of $218,990.33.
Shares of HP Inc. (NYSE HPQ) traded up 0.62% during midday trading on Monday, hitting $19.59. 6,414,807 shares of the company’s stock traded hands. HP Inc. has a 52 week low of $13.77 and a 52 week high of $19.78. The company has a 50 day moving average of $19.16 and a 200 day moving average of $18.40. The stock has a market cap of $32.72 billion, a P/E ratio of 14.24 and a beta of 1.93.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, equities analysts forecast that HP Inc. will post $1.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is 38.41%.
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A number of research analysts recently issued reports on HPQ shares. Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price target on shares of HP in a research note on Friday, May 26th. Jefferies Group LLC boosted their price objective on shares of HP from $18.00 to $18.75 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $20.00 price objective on shares of HP in a research report on Thursday, August 24th. Bank of America Corporation boosted their price objective on shares of HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Finally, FBN Securities restated an “outperform” rating and set a $25.00 price objective (up previously from $23.00) on shares of HP in a research report on Thursday, August 24th. Ten analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.57.
Institutional investors and hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of HP by 19.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after purchasing an additional 1,013 shares during the period. American Beacon Advisors Inc. acquired a new position in shares of HP during the first quarter valued at $112,000. YorkBridge Wealth Partners LLC increased its holdings in shares of HP by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after purchasing an additional 200 shares during the period. First Command Bank increased its holdings in shares of HP by 80.0% during the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after purchasing an additional 2,984 shares during the period. Finally, Evercore Wealth Management LLC increased its holdings in shares of HP by 14.0% during the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after purchasing an additional 836 shares during the period. 79.18% of the stock is currently owned by institutional investors.
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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