Dion Weisler Sells 731,502 Shares of HP Inc. (HPQ) Stock
HP Inc. (NYSE:HPQ) insider Dion Weisler sold 731,502 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total value of $14,608,094.94. Following the transaction, the insider now directly owns 435,018 shares in the company, valued at $8,687,309.46. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of HP Inc. (NYSE:HPQ) traded down 0.25% on Tuesday, reaching $20.07. 4,700,153 shares of the company were exchanged. HP Inc. has a 52-week low of $13.77 and a 52-week high of $20.23. The stock has a 50 day moving average of $19.36 and a 200-day moving average of $18.60. The company has a market capitalization of $33.52 billion, a P/E ratio of 14.59 and a beta of 1.94.
HP (NYSE:HPQ) last issued its 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 business had revenue of $13.06 billion during 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 company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. On average, analysts predict that HP Inc. will post $1.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.1327 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.64%. HP’s dividend payout ratio (DPR) is presently 38.41%.
HPQ has been the subject of several research analyst reports. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $20.00 price objective on shares of HP in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and set a $20.00 target price (up previously from $19.00) on shares of HP in a research report on Tuesday, September 5th. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. BidaskClub downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Maxim Group restated a “hold” rating and set a $22.00 price target (up previously from $21.00) on shares of HP in a research note on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.57.
Large investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its holdings in HP by 19.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after acquiring an additional 1,013 shares during the period. American Beacon Advisors Inc. purchased a new stake in shares of HP during the 1st quarter worth $112,000. YorkBridge Wealth Partners LLC boosted its position in shares of HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after purchasing an additional 200 shares in the last quarter. First Command Bank boosted its position in shares of HP by 80.0% during the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after purchasing an additional 2,984 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its position in shares of HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after purchasing an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 79.18% 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.
Receive News & Ratings for HP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.