HP Inc. (HPQ) Insider Enrique Lores Sells 40,965 Shares
HP Inc. (NYSE:HPQ) insider Enrique Lores sold 40,965 shares of HP stock in a transaction on Friday, October 6th. The stock was sold at an average price of $20.50, for a total value of $839,782.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of HP Inc. (HPQ) remained flat at $20.57 during midday trading on Tuesday. 6,676,362 shares of the company were exchanged. The company has a market capitalization of $34.36 billion, a PE ratio of 14.95 and a beta of 1.94. The firm has a 50-day moving average of $19.57 and a 200 day moving average of $18.71. HP Inc. has a 52-week low of $13.77 and a 52-week high of $20.73.
HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. On average, analysts expect that HP Inc. will post $1.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were paid a dividend of $0.1327 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.58%. HP’s dividend payout ratio is presently 38.41%.
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A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in HP by 0.4% during the 1st quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock worth $218,000 after buying an additional 41 shares during the last quarter. Montecito Bank & Trust grew its stake in shares of HP by 0.3% in the 2nd quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock valued at $303,000 after purchasing an additional 60 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after purchasing an additional 85 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of HP by 0.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 17,435 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 127 shares during the last quarter. Finally, Advisor Partners LLC grew its stake in shares of HP by 0.4% in the 2nd quarter. Advisor Partners LLC now owns 43,215 shares of the computer maker’s stock valued at $755,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.
HPQ has been the subject of several research analyst reports. BidaskClub downgraded HP from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Morgan Stanley restated an “overweight” rating and issued a $23.00 price objective on shares of HP in a report on Monday, June 26th. ValuEngine upgraded HP from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Mizuho upgraded HP from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $21.00 in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, July 12th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.92.
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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