Kim M. Rivera Sells 41,761 Shares of HP Inc. (HPQ) Stock
HP Inc. (NYSE:HPQ) insider Kim M. Rivera sold 41,761 shares of HP stock in a transaction on Monday, November 13th. The shares were sold at an average price of $21.28, for a total transaction of $888,674.08. Following the transaction, the insider now owns 84,799 shares in the company, valued at approximately $1,804,522.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
HP Inc. (NYSE HPQ) traded down $0.11 during trading hours on Monday, reaching $21.23. 6,276,600 shares of the company were exchanged, compared to its average volume of 10,872,534. HP Inc. has a 12 month low of $14.40 and a 12 month high of $22.31. The company has a debt-to-equity ratio of -1.55, a current ratio of 0.97 and a quick ratio of 0.74. The stock has a market capitalization of $35,459.49, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.15 and a beta of 1.85.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The business had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same quarter in the prior year, the business posted $0.48 EPS. HP’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities analysts anticipate that HP Inc. will post 1.65 earnings per share for the current fiscal year.
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HPQ has been the topic of several research analyst reports. Maxim Group reiterated a “hold” rating and issued a $25.00 price target on shares of HP in a research note on Friday, October 27th. Royal Bank Of Canada boosted their price target on shares of HP from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Deutsche Bank AG reiterated a “buy” rating on shares of HP in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, October 10th. Finally, Morgan Stanley boosted their price target 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. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.57.
Institutional investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its stake in HP by 19.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after purchasing an additional 1,013 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after purchasing an additional 200 shares in the last quarter. Evercore Wealth Management LLC increased its stake in HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after purchasing an additional 836 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in HP by 15.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock valued at $130,000 after purchasing an additional 996 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in HP by 1.1% during the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.63% of the company’s stock.
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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