HP Inc. (HPQ) Insider Sells $197,993.75 in Stock
HP Inc. (NYSE:HPQ) insider Marie Myers sold 10,025 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $19.75, for a total value of $197,993.75. Following the completion of the sale, the insider now directly owns 10,025 shares of the company’s stock, valued at $197,993.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Marie Myers also recently made the following trade(s):
- On Friday, September 15th, Marie Myers sold 10,025 shares of HP stock. The shares were sold at an average price of $19.50, for a total value of $195,487.50.
- On Tuesday, September 5th, Marie Myers sold 11,752 shares of HP stock. The shares were sold at an average price of $19.25, for a total value of $226,226.00.
- 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 value of $218,990.33.
HP Inc. (NYSE HPQ) traded up 0.86% during trading on Friday, hitting $19.94. The stock had a trading volume of 6,778,176 shares. The company has a market cap of $33.30 billion, a PE ratio of 14.49 and a beta of 1.93. The stock has a 50-day moving average price of $19.18 and a 200-day moving average price of $18.44. HP Inc. has a 52 week low of $13.77 and a 52 week high of $19.95.
HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that HP Inc. will post $1.65 EPS for the current year.
The company 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 2.66%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is presently 38.41%.
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Institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of HP by 19.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after acquiring an additional 1,013 shares during the period. American Beacon Advisors Inc. bought a new stake in shares of HP during the 1st quarter worth approximately $112,000. YorkBridge Wealth Partners LLC lifted its holdings in shares of HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after acquiring an additional 200 shares during the period. First Command Bank lifted its holdings in shares of HP by 80.0% during the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after acquiring an additional 2,984 shares during the period. Finally, Evercore Wealth Management LLC lifted its holdings in shares of HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after acquiring an additional 836 shares during the period. 79.18% of the stock is owned by institutional investors.
Several research firms have recently commented on HPQ. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of HP in a report on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of HP in a report on Thursday, August 24th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $20.00 price objective on shares of HP in a report on Friday, August 25th. FBN Securities reaffirmed an “outperform” rating and set a $25.00 price objective (up from $23.00) on shares of HP in a report on Thursday, August 24th. Finally, Mizuho reaffirmed a “buy” rating and set a $21.00 price objective on shares of HP in a report on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.57.
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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