Insider Selling: HP Inc. (HPQ) Insider Sells $880,747.50 in Stock

HP Inc. (NYSE:HPQ) insider Enrique Lores sold 40,965 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $21.50, for a total transaction of $880,747.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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. (NYSE:HPQ) opened at 21.72 on Thursday. HP Inc. has a 52-week low of $13.77 and a 52-week high of $22.08. The company has a market cap of $36.28 billion, a PE ratio of 15.78 and a beta of 1.94. The firm’s 50-day moving average price is $19.99 and its 200 day moving average price is $18.89.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, equities analysts predict that HP Inc. will post $1.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were paid a $0.1327 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.44%. HP’s dividend payout ratio is currently 38.41%.

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HPQ has been the topic of several recent analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $14.00 target price on shares of HP in a research note on Wednesday, August 16th. Loop Capital upped their price target on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group LLC upped their price target on shares of HP from $18.00 to $18.75 and gave the stock a “hold” rating in a research report on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and set a $20.00 price target on shares of HP in a research report on Thursday, August 24th. Finally, Citigroup Inc. upped their price target on shares of HP from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.44.

A number of hedge funds and other institutional investors have recently made changes to their positions in HPQ. Waldron LP bought a new position in HP in the 1st quarter worth about $288,000. LMR Partners LLP increased its stake in HP by 20.2% in the 1st quarter. LMR Partners LLP now owns 45,250 shares of the computer maker’s stock worth $809,000 after acquiring an additional 7,590 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in HP by 1.3% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 59,250 shares of the computer maker’s stock worth $1,059,000 after acquiring an additional 760 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new position in HP in the 1st quarter worth about $443,000. Finally, Rafferty Asset Management LLC bought a new position in HP in the 1st quarter worth about $6,703,000. Institutional investors and hedge funds own 79.17% of the company’s stock.

About HP

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.

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

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