HP Inc (HPQ) Insider Sells $308,505.80 in Stock
HP Inc (NYSE:HPQ) insider Kim M. Rivera sold 14,635 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were 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 of the company’s stock, valued at approximately $1,676,977.24. The sale was disclosed in a legal filing with the SEC, which is available at this link.
HP Inc (HPQ) opened at $20.74 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of -1.98. The firm has a market cap of $34,824.79, a PE ratio of 12.64, a P/E/G ratio of 2.21 and a beta of 1.81. HP Inc has a fifty-two week low of $14.40 and a fifty-two week high of $22.68.
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 company 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 firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. analysts predict that HP Inc will post 1.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a $0.1393 dividend. 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 2.69%. The ex-dividend date is Tuesday, December 12th. HP’s payout ratio is 37.58%.
HPQ has been the subject of a number of recent research reports. Guggenheim restated a “neutral” rating on shares of HP in a research note on Monday, October 2nd. Morgan Stanley upped their target price on shares of HP from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Jefferies Group reiterated a “hold” rating and issued a $20.00 target price on shares of HP in a research note on Sunday, October 8th. Susquehanna Bancshares reiterated a “hold” rating and issued a $20.00 target price on shares of HP in a research note on Friday, August 25th. Finally, Deutsche Bank reiterated a “buy” rating on shares of HP in a research note on Thursday, August 24th. Twelve investment 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.31.
Several large investors have recently modified their holdings of the stock. CAPROCK Group Inc. lifted its holdings in HP by 104.5% during the third quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock valued at $871,000 after purchasing an additional 22,150 shares during the last quarter. Swiss National Bank lifted its holdings in HP by 0.6% during the third quarter. Swiss National Bank now owns 6,208,592 shares of the computer maker’s stock valued at $123,923,000 after purchasing an additional 34,800 shares during the last quarter. Meyer Handelman Co. lifted its holdings in HP by 3.1% during the third quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock valued at $8,971,000 after purchasing an additional 13,600 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in HP by 43.9% during the third quarter. State of Wisconsin Investment Board now owns 2,151,950 shares of the computer maker’s stock valued at $42,953,000 after purchasing an additional 656,546 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in HP by 17.4% during the third quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock valued at $96,389,000 after purchasing an additional 716,899 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors.
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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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