HP Inc (HPQ) Insider Ron Coughlin Sells 25,000 Shares of Stock

HP Inc (NYSE:HPQ) insider Ron Coughlin sold 25,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.48, for a total transaction of $537,000.00. Following the completion of the sale, the insider now directly owns 53,173 shares of the company’s stock, valued at $1,142,156.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.

HP Inc (NYSE HPQ) traded down $0.01 during trading on Wednesday, hitting $21.07. 9,209,101 shares of the stock traded hands, compared to its average volume of 10,987,110. The stock has a market cap of $35,208.95, a PE ratio of 12.78, a P/E/G ratio of 2.23 and a beta of 1.81. HP Inc has a 12-month low of $14.40 and a 12-month high of $22.68. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. equities research analysts forecast that HP Inc will post 1.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.1393 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.13. HP’s dividend payout ratio (DPR) is presently 35.57%.

A number of research analysts have recently weighed in on the stock. Maxim Group reissued a “hold” rating and set a $25.00 target price on shares of HP in a research report on Wednesday, November 22nd. BMO Capital Markets increased their target price on shares of HP to $23.00 and gave the company a “positive” rating in a research report on Wednesday, November 22nd. Deutsche Bank reissued a “buy” rating and set a $25.00 target price on shares of HP in a research report on Wednesday, November 22nd. Royal Bank Of Canada increased their target price on shares of HP from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley reissued a “hold” rating and set a $14.00 target price on shares of HP in a research report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.31.

A number of large investors have recently modified their holdings of HPQ. D.A. Davidson & CO. grew its holdings in HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock worth $132,000 after acquiring an additional 85 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of HP by 0.4% during the 2nd quarter. Advisor Partners LLC now owns 43,215 shares of the computer maker’s stock valued at $755,000 after purchasing an additional 158 shares in the last quarter. Savant Capital LLC boosted its stake in shares of HP by 0.7% during the 2nd quarter. Savant Capital LLC now owns 24,440 shares of the computer maker’s stock valued at $427,000 after purchasing an additional 164 shares in the last quarter. National Asset Management Inc. boosted its stake in shares of HP by 1.4% during the 2nd quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock valued at $208,000 after purchasing an additional 165 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its stake in shares of HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

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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.

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