HP Inc. (NYSE:HPQ) insider Christoph Schell sold 42,804 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $19.99, for a total transaction of $855,651.96. Following the completion of the transaction, the insider now directly owns 144,684 shares of the company’s stock, valued at $2,892,233.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Christoph Schell also recently made the following trade(s):

  • On Friday, November 15th, Christoph Schell sold 60,121 shares of HP stock. The shares were sold at an average price of $20.17, for a total transaction of $1,212,640.57.

HP stock opened at $20.20 on Wednesday. The stock has a market cap of $30.38 billion, a P/E ratio of 9.02, a PEG ratio of 4.16 and a beta of 1.43. HP Inc. has a fifty-two week low of $15.93 and a fifty-two week high of $24.09. The firm’s fifty day moving average price is $19.19 and its 200-day moving average price is $19.32.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.29 billion. HP had a negative return on equity of 241.43% and a net margin of 5.36%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. As a group, equities research analysts forecast that HP Inc. will post 2.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.176 dividend. This is a positive change from HP’s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Tuesday, December 10th. HP’s dividend payout ratio is currently 28.57%.

Large investors have recently added to or reduced their stakes in the business. Covington Capital Management lifted its holdings in shares of HP by 10.6% in the 3rd quarter. Covington Capital Management now owns 5,890 shares of the computer maker’s stock worth $111,000 after acquiring an additional 565 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of HP by 12.6% in the 3rd quarter. Penserra Capital Management LLC now owns 5,196 shares of the computer maker’s stock worth $97,000 after purchasing an additional 582 shares in the last quarter. PagnatoKarp Partners LLC boosted its position in shares of HP by 4.4% in the 2nd quarter. PagnatoKarp Partners LLC now owns 14,284 shares of the computer maker’s stock worth $299,000 after purchasing an additional 599 shares in the last quarter. Montecito Bank & Trust grew its stake in shares of HP by 2.8% in the 3rd quarter. Montecito Bank & Trust now owns 24,655 shares of the computer maker’s stock worth $467,000 after buying an additional 676 shares during the last quarter. Finally, Kanawha Capital Management LLC grew its stake in shares of HP by 4.7% in the 2nd quarter. Kanawha Capital Management LLC now owns 15,356 shares of the computer maker’s stock worth $319,000 after buying an additional 695 shares during the last quarter. 82.87% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Wells Fargo & Co restated a “hold” rating on shares of HP in a research report on Tuesday, November 26th. Evercore ISI raised HP from an “in-line” rating to an “outperform” rating and set a $24.00 price target for the company in a report on Monday, November 11th. Barclays reduced their price target on HP from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, December 4th. Finally, Goldman Sachs Group cut HP from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $18.00 to $14.00 in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. HP has an average rating of “Hold” and an average target price of $19.91.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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