Stephanie Liebman Sells 11,000 Shares of HP Inc. (NYSE:HPQ) Stock

HP Inc. (NYSE:HPQ) insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

HP Stock Performance

NYSE:HPQ opened at $32.63 on Thursday. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The stock has a market cap of $31.45 billion, a PE ratio of 11.61, a P/E/G ratio of 2.95 and a beta of 1.04. The stock has a 50 day moving average price of $35.66 and a 200 day moving average price of $35.58.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio (DPR) is currently 41.28%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Loop Capital decreased their price objective on shares of HP from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Finally, Bank of America cut shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.45.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in HP in the third quarter valued at $25,000. Wolff Wiese Magana LLC increased its position in shares of HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in HP in the 3rd quarter valued at about $37,000. Itau Unibanco Holding S.A. acquired a new position in HP in the third quarter valued at about $40,000. Finally, DecisionPoint Financial LLC purchased a new position in HP during the second quarter worth about $43,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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.