Ron Coughlin Sells 25,000 Shares of HP Inc (HPQ) Stock
HP Inc (NYSE:HPQ) insider Ron Coughlin sold 25,000 shares of HP stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $21.48, for a total transaction of $537,000.00. Following the sale, the insider now owns 53,173 shares of the company’s stock, valued at $1,142,156.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
HP Inc (NYSE HPQ) traded down $0.01 during mid-day trading on Tuesday, hitting $21.07. 9,209,152 shares of the company’s stock traded hands, compared to its average volume of 10,987,110. The stock has a market capitalization of $35,760.14, a P/E ratio of 12.98, a PEG ratio of 2.27 and a beta of 1.81. HP Inc has a 52-week low of $14.40 and a 52-week high of $22.68. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74.
HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. equities analysts forecast that HP Inc will post 1.79 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. CAPROCK Group Inc. increased its stake in shares of HP by 104.5% in the third quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock worth $871,000 after buying an additional 22,150 shares during the period. Swiss National Bank increased its stake in shares of HP by 0.6% in the third quarter. Swiss National Bank now owns 6,208,592 shares of the computer maker’s stock worth $123,923,000 after buying an additional 34,800 shares during the period. Meyer Handelman Co. increased its stake in shares of HP by 3.1% in the third quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock worth $8,971,000 after buying an additional 13,600 shares during the period. State of Wisconsin Investment Board increased its stake in shares of HP by 43.9% in the third quarter. State of Wisconsin Investment Board now owns 2,151,950 shares of the computer maker’s stock worth $42,953,000 after buying an additional 656,546 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of HP by 17.4% in the third quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock worth $96,389,000 after buying an additional 716,899 shares during the period. 79.98% of the stock is currently owned by institutional investors.
HPQ has been the subject of several research analyst reports. Maxim Group reiterated a “hold” rating and set a $25.00 target price on shares of HP in a research report on Friday, October 27th. Royal Bank Of Canada lifted their target price on shares of HP from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Deutsche Bank reiterated a “buy” rating on shares of HP in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, October 10th. Finally, Morgan Stanley lifted their target price on shares of HP from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Eleven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $21.31.
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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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