Dion Weisler Sells 95,521 Shares of HP Inc. (HPQ) Stock
HP Inc. (NYSE:HPQ) CEO Dion Weisler sold 95,521 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.97, for a total transaction of $1,907,554.37. Following the completion of the sale, the chief executive officer 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 at this hyperlink.
HP Inc. (HPQ) traded down 0.224% during trading on Tuesday, reaching $20.075. The company’s stock had a trading volume of 4,699,866 shares. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 14.589 and a beta of 1.94. The stock’s 50-day moving average is $19.36 and its 200 day moving average is $18.60. HP Inc. has a 52-week low of $13.77 and a 52-week high of $20.23.
HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. HP’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. On average, analysts predict that HP Inc. will post $1.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.1327 dividend. The ex-dividend date 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 is currently 38.41%.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in HPQ. Vanguard Group Inc. increased its holdings in shares of HP by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 123,633,569 shares of the computer maker’s stock valued at $2,161,114,000 after acquiring an additional 1,945,965 shares during the last quarter. BlackRock Inc. raised its stake in shares of HP by 2.5% in the 2nd quarter. BlackRock Inc. now owns 108,599,783 shares of the computer maker’s stock valued at $1,898,325,000 after acquiring an additional 2,608,983 shares in the last quarter. State Street Corp raised its stake in shares of HP by 0.7% in the 1st quarter. State Street Corp now owns 79,522,135 shares of the computer maker’s stock valued at $1,421,893,000 after acquiring an additional 515,648 shares in the last quarter. Primecap Management Co. CA lifted its holdings in HP by 3.5% in the 1st quarter. Primecap Management Co. CA now owns 63,851,245 shares of the computer maker’s stock worth $1,141,660,000 after purchasing an additional 2,163,147 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in HP by 1.6% in the 1st quarter. American International Group Inc. now owns 29,056,041 shares of the computer maker’s stock worth $519,522,000 after purchasing an additional 457,514 shares during the last quarter. Institutional investors own 79.18% of the company’s stock.
Several equities analysts have weighed in on HPQ shares. Deutsche Bank AG reissued a “buy” rating on shares of HP in a research report on Thursday, August 24th. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, July 12th. Mizuho upgraded HP from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $21.00 in a research report on Monday, July 10th. BidaskClub raised HP from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price objective on shares of HP in a research note on Wednesday, August 16th. 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’s stock. The company has an average rating of “Buy” and an average target price of $20.57.
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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