Insider Selling: HP Inc. (NYSE:HPQ) Insider Sells 15,646 Shares of Stock

HP Inc. (NYSE:HPQ) insider Stephanie Liebman sold 15,646 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stephanie Liebman also recently made the following trade(s):

• On Monday, December 30th, Stephanie Liebman sold 11,000 shares of HP stock. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00.

HP Price Performance

Shares of HPQ opened at $28.68 on Friday. The firm has a 50 day simple moving average of $31.57 and a two-hundred day simple moving average of $34.02. HP Inc. has a one year low of $27.43 and a one year high of $39.80. The company has a market cap of $27.03 billion, a P/E ratio of 10.20, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. On average, analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Hedge Funds Weigh In On HP

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPQ. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in HP in the 4th quarter worth about $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP in the fourth quarter valued at about $36,000. OFI Invest Asset Management acquired a new stake in shares of HP during the fourth quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of HP during the third quarter worth about $40,000. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HPQ shares. Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. Morgan Stanley dropped their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein upped their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Finally, Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.14.

About HP

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.