HP Inc. (NYSE:HPQ) Insider Sells $410,600.00 in Stock

HP Inc. (NYSE:HPQ) insider Kim M. Rivera sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $20.53, for a total transaction of $410,600.00. Following the transaction, the insider now owns 105,899 shares of the company’s stock, valued at $2,174,106.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

HP stock traded up $0.38 during mid-day trading on Friday, reaching $21.23. 6,845,912 shares of the company’s stock were exchanged, compared to its average volume of 8,173,695. The business has a fifty day simple moving average of $20.22. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 3.14 and a beta of 1.38. HP Inc. has a one year low of $18.06 and a one year high of $27.08.

HP (NYSE:HPQ) last issued its earnings results on Thursday, May 23rd. The computer maker reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $14.04 billion for the quarter, compared to analyst estimates of $13.97 billion. HP had a negative return on equity of 232.81% and a net margin of 6.67%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. On average, analysts forecast that HP Inc. will post 2.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, September 10th. HP’s payout ratio is 31.68%.

A number of institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its stake in HP by 27.7% during the fourth quarter. Mackenzie Financial Corp now owns 73,288 shares of the computer maker’s stock worth $1,499,000 after purchasing an additional 15,895 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in HP by 32.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 564,251 shares of the computer maker’s stock worth $11,545,000 after purchasing an additional 138,183 shares during the last quarter. Westpac Banking Corp lifted its stake in HP by 180.5% during the fourth quarter. Westpac Banking Corp now owns 382,337 shares of the computer maker’s stock worth $7,823,000 after purchasing an additional 246,033 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in HP by 10.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 8,193 shares of the computer maker’s stock worth $167,000 after purchasing an additional 800 shares during the last quarter. Finally, Stanley Laman Group Ltd. bought a new stake in HP during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

A number of research analysts recently issued reports on HPQ shares. Morgan Stanley set a $28.00 target price on shares of BJs Wholesale Club and gave the company a “hold” rating in a research report on Friday, May 24th. Wolfe Research downgraded shares of HP from an “outperform” rating to a “peer perform” rating and decreased their price objective for the stock from $25.00 to $21.00 in a research report on Tuesday, May 14th. Credit Suisse Group upped their price objective on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Evercore ISI began coverage on shares of Sensata Technologies in a research report on Wednesday, June 5th. They issued an “in-line” rating and a $50.00 price objective for the company. Finally, Deutsche Bank decreased their price objective on shares of from GBX 295 ($3.85) to GBX 285 ($3.72) and set a “buy” rating for the company in a research report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.43.

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.

Read More: What does an outperform rating mean?

Insider Buying and Selling by Quarter for HP (NYSE:HPQ)

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