Marie Myers Sells 11,752 Shares of HP Inc. (HPQ) Stock
HP Inc. (NYSE:HPQ) insider Marie Myers sold 11,752 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $19.25, for a total value of $226,226.00. Following the transaction, the insider now directly owns 11,752 shares in the company, valued at $226,226. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Marie Myers also recently made the following trade(s):
- On Wednesday, June 28th, Marie Myers sold 12,119 shares of HP stock. The shares were sold at an average price of $18.07, for a total value of $218,990.33.
HP Inc. (NYSE HPQ) opened at 19.12 on Friday. The stock has a market capitalization of $32.14 billion, a P/E ratio of 13.90 and a beta of 1.93. The stock has a 50 day moving average price of $19.13 and a 200-day moving average price of $18.31. HP Inc. has a one year low of $13.77 and a one year high of $19.78.
HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. Analysts anticipate that HP Inc. will post $1.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.1327 dividend. This represents a $0.53 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s payout ratio is currently 38.41%.
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HPQ has been the topic of a number of recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of HP in a report on Friday, May 26th. Jefferies Group LLC increased their target price on HP from $18.00 to $18.75 and gave the company a “hold” rating in a report on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $20.00 target price on shares of HP in a report on Thursday, August 24th. Bank of America Corporation increased their target price on HP from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Finally, FBN Securities reissued an “outperform” rating and issued a $25.00 target price (up previously from $23.00) on shares of HP in a report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.57.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Achmea Investment Management B.V. raised its stake in shares of HP by 1.9% in the second quarter. Achmea Investment Management B.V. now owns 365,859 shares of the computer maker’s stock valued at $6,393,000 after acquiring an additional 6,828 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of HP by 2.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,389,100 shares of the computer maker’s stock valued at $24,281,000 after acquiring an additional 32,100 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of HP by 24.6% in the second quarter. Toronto Dominion Bank now owns 571,079 shares of the computer maker’s stock valued at $9,981,000 after acquiring an additional 112,883 shares in the last quarter. Oak Associates Ltd. OH raised its stake in shares of HP by 3.9% in the second quarter. Oak Associates Ltd. OH now owns 430,796 shares of the computer maker’s stock valued at $7,530,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of HP in the second quarter valued at $678,000. Institutional investors and hedge funds own 78.53% 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.
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