HP Inc. (NYSE:HPQ) insider Enrique Lores sold 40,965 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $21.50, for a total transaction of $880,747.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Enrique Lores also recently made the following trade(s):
- On Friday, October 6th, Enrique Lores sold 40,965 shares of HP stock. The shares were sold at an average price of $20.50, for a total transaction of $839,782.50.
HP Inc. (HPQ) opened at 21.79 on Tuesday. The company has a market cap of $36.39 billion, a P/E ratio of 15.84 and a beta of 1.94. HP Inc. has a 52 week low of $13.77 and a 52 week high of $22.00. The firm’s 50 day moving average is $19.79 and its 200-day moving average is $18.81.
HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, topping the 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%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. On average, analysts predict that HP Inc. will post $1.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were paid a dividend of $0.1327 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.53 annualized dividend and a dividend yield of 2.44%. HP’s dividend payout ratio (DPR) is presently 38.41%.
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Several analysts have issued reports on the stock. Royal Bank Of Canada upgraded shares of HP from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $21.00 to $22.00 in a research report on Thursday, July 20th. Stifel Nicolaus restated a “hold” rating and set a $14.00 price target on shares of HP in a research report on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and set a $20.00 price target on shares of HP in a research report on Thursday, August 24th. Mizuho reiterated a “buy” rating and set a $21.00 target price on shares of HP in a report on Thursday, August 24th. Finally, Guggenheim reiterated a “neutral” rating on shares of HP in a report on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $21.27.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. ZWJ Investment Counsel Inc. bought a new position in shares of HP during the 1st quarter worth approximately $443,000. Xact Kapitalforvaltning AB raised its stake in shares of HP by 2.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock worth $4,476,000 after acquiring an additional 6,074 shares in the last quarter. American Beacon Advisors Inc. bought a new position in shares of HP during the 1st quarter worth approximately $112,000. Loomis Sayles & Co. L P raised its stake in shares of HP by 1,201.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,893 shares of the computer maker’s stock worth $320,000 after acquiring an additional 16,518 shares in the last quarter. Finally, Summit Street Capital Management LLC raised its stake in shares of HP by 37.4% during the 1st quarter. Summit Street Capital Management LLC now owns 205,511 shares of the computer maker’s stock worth $3,675,000 after acquiring an additional 55,911 shares in the last quarter. Hedge funds and other institutional investors own 79.17% 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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