HP Inc (HPQ) Insider Sells $7,060,435.83 in Stock

HP Inc (NYSE:HPQ) insider Enrique Lores sold 302,893 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $23.31, for a total value of $7,060,435.83. Following the sale, the insider now owns 88,901 shares of the company’s stock, valued at approximately $2,072,282.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

HP Inc (NYSE HPQ) traded up $0.41 during midday trading on Friday, hitting $23.70. 11,551,429 shares of the stock were exchanged, compared to its average volume of 8,489,331. HP Inc has a 1-year low of $14.41 and a 1-year high of $23.79. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74. The firm has a market capitalization of $38,990.00, a P/E ratio of 16.01, a PEG ratio of 2.47 and a beta of 1.81.

HP (NYSE:HPQ) last posted 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. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the prior year, the business posted $0.36 earnings per share. HP’s revenue for the quarter was up 11.3% compared to the same quarter last year. analysts anticipate that HP Inc will post 1.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were paid a $0.1393 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This is an increase from HP’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.35%. HP’s dividend payout ratio is 37.84%.

Several brokerages have issued reports on HPQ. Citigroup boosted their target price on shares of HP from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. Maxim Group reissued a “hold” rating and set a $25.00 target price on shares of HP in a research note on Wednesday, November 22nd. Wells Fargo & Co began coverage on shares of HP in a research note on Tuesday, November 14th. They set a “market perform” rating and a $21.00 target price on the stock. Bank of America boosted their target price on shares of HP from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of HP in a research note on Wednesday, November 22nd. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.71.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of HP in the fourth quarter worth $501,000. State of Alaska Department of Revenue increased its stake in shares of HP by 70.0% in the fourth quarter. State of Alaska Department of Revenue now owns 325,349 shares of the computer maker’s stock worth $6,833,000 after acquiring an additional 134,011 shares during the last quarter. Alpha Windward LLC increased its stake in shares of HP by 186.2% in the fourth quarter. Alpha Windward LLC now owns 46,476 shares of the computer maker’s stock worth $976,000 after acquiring an additional 30,235 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of HP by 2.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 9,698,780 shares of the computer maker’s stock worth $203,796,000 after acquiring an additional 260,392 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its stake in shares of HP by 15.1% in the fourth quarter. Spirit of America Management Corp NY now owns 27,400 shares of the computer maker’s stock worth $576,000 after acquiring an additional 3,600 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for HP (NYSE:HPQ)

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