HP Inc (HPQ) Insider Kim M. Rivera Sells 14,635 Shares
HP Inc (NYSE:HPQ) insider Kim M. Rivera sold 14,635 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $21.08, for a total transaction of $308,505.80. Following the sale, the insider now owns 79,553 shares in the company, valued at approximately $1,676,977.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of HP Inc (HPQ) traded down $0.18 during mid-day trading on Tuesday, hitting $20.98. The stock had a trading volume of 7,174,807 shares, compared to its average volume of 10,954,787. HP Inc has a 1-year low of $14.40 and a 1-year high of $22.68. The stock has a market capitalization of $35,192.25, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.81. 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 issued its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. equities analysts expect that HP Inc will post 1.79 earnings per share for the current year.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of HP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Loop Capital restated a “buy” rating and set a $25.00 target price on shares of HP in a research note on Wednesday, November 22nd. Morgan Stanley restated a “hold” rating and set a $14.00 target price on shares of HP in a research note on Wednesday, November 22nd. Royal Bank of Canada restated a “hold” rating on shares of HP in a research note on Wednesday, November 22nd. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $25.00 price objective on shares of HP in a report on Wednesday, November 22nd. Twelve analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. HP has an average rating of “Buy” and an average price target of $21.31.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners lifted its holdings in HP by 45.9% in the third quarter. Boston Partners now owns 38,111,672 shares of the computer maker’s stock valued at $760,709,000 after acquiring an additional 11,994,111 shares during the period. 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 acquiring an additional 3,358,299 shares during the period. Miller Howard Investments Inc. NY acquired a new position in HP in the third quarter valued at approximately $63,140,000. 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 acquiring an additional 3,017,182 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in HP by 35.0% in the second quarter. Prudential Financial Inc. now owns 11,456,195 shares of the computer maker’s stock valued at $200,254,000 after acquiring an additional 2,970,120 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.
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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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