HP Inc. (NYSE:HPQ) insider Enrique Lores sold 40,965 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $20.50, for a total value of $839,782.50.
Shares of HP Inc. (NYSE HPQ) opened at 21.55 on Wednesday. The company has a 50-day moving average price of $19.79 and a 200 day moving average price of $18.81. HP Inc. has a 12-month low of $13.77 and a 12-month high of $22.00. The firm has a market capitalization of $35.99 billion, a PE ratio of 15.66 and a beta of 1.94.
HP (NYSE:HPQ) last issued its 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. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts expect that HP Inc. will post $1.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were given a dividend of $0.1327 per share. The ex-dividend date was Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.46%. HP’s payout ratio is currently 38.41%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in HP by 1.6% during the second quarter. Vanguard Group Inc. now owns 123,633,569 shares of the computer maker’s stock worth $2,161,114,000 after buying an additional 1,945,965 shares during the period. BlackRock Inc. grew its position in HP by 2.5% during the second quarter. BlackRock Inc. now owns 108,599,783 shares of the computer maker’s stock worth $1,898,325,000 after buying an additional 2,608,983 shares during the period. State Street Corp grew its position in HP by 0.7% during the first quarter. State Street Corp now owns 79,522,135 shares of the computer maker’s stock worth $1,421,893,000 after buying an additional 515,648 shares during the period. Primecap Management Co. CA grew its position in HP by 3.5% during the first quarter. Primecap Management Co. CA now owns 63,851,245 shares of the computer maker’s stock worth $1,141,660,000 after buying an additional 2,163,147 shares during the period. Finally, Boston Partners grew its position in HP by 304.9% during the second quarter. Boston Partners now owns 26,117,561 shares of the computer maker’s stock worth $456,535,000 after buying an additional 19,667,780 shares during the period. Institutional investors own 79.17% of the company’s stock.
HPQ has been the subject of a number of research analyst reports. BidaskClub lowered HP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, July 12th. Mizuho upgraded HP from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $21.00 in a research note on Monday, July 10th. Loop Capital initiated coverage on HP in a research note on Tuesday, August 22nd. They issued a “buy” rating and a $23.00 target price for the company. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $22.00 target price on shares of HP in a research note on Thursday, August 24th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.27.
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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