HP Inc. (HPQ) Insider Sells $880,747.50 in Stock
HP Inc. (NYSE:HPQ) insider Enrique Lores sold 40,965 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $21.50, for a total value of $880,747.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Enrique Lores also recently made the following trade(s):
- On Friday, October 6th, Enrique Lores sold 40,965 shares of HP stock. The shares were sold at an average price of $20.50, for a total value of $839,782.50.
Shares of HP Inc. (NYSE:HPQ) traded up 0.1161% during mid-day trading on Monday, hitting $21.7352. 1,929,598 shares of the company’s stock traded hands. HP Inc. has a 52 week low of $13.77 and a 52 week high of $22.00. The company has a market cap of $36.30 billion, a PE ratio of 15.7959 and a beta of 1.94. The firm has a 50-day moving average of $19.79 and a 200 day moving average of $18.81.
HP (NYSE:HPQ) last released its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. HP’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Equities research analysts predict that HP Inc. will post $1.65 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were issued a $0.1327 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.44%. HP’s payout ratio is 38.41%.
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HPQ has been the topic of several analyst reports. ValuEngine upgraded HP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Guggenheim reiterated a “neutral” rating on shares of HP in a research note on Monday, October 2nd. Susquehanna Bancshares Inc initiated coverage on HP in a research note on Thursday, July 13th. They issued a “neutral” rating and a $20.00 price objective on the stock. Morgan Stanley upped their price objective on HP from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of HP in a research note on Sunday, October 8th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.27.
A number of hedge funds have recently added to or reduced their stakes in HPQ. Boston Partners lifted its holdings in HP by 304.9% in the second quarter. Boston Partners now owns 26,117,561 shares of the computer maker’s stock valued at $456,535,000 after buying an additional 19,667,780 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in HP in the first quarter valued at $79,108,000. Renaissance Technologies LLC acquired a new position in HP in the first quarter valued at $62,824,000. Parametric Portfolio Associates LLC lifted its holdings in HP by 87.1% in the second quarter. Parametric Portfolio Associates LLC now owns 7,213,170 shares of the computer maker’s stock valued at $126,086,000 after buying an additional 3,358,299 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in HP by 26.3% in the second quarter. Wells Fargo & Company MN now owns 14,487,057 shares of the computer maker’s stock valued at $253,233,000 after buying an additional 3,017,182 shares during the period. Institutional investors and hedge funds own 79.17% of the company’s stock.
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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