HP Inc (HPQ) Director Shumeet Banerji Sells 35,686 Shares

HP Inc (NYSE:HPQ) Director Shumeet Banerji sold 35,686 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $21.50, for a total transaction of $767,249.00. Following the transaction, the director now owns 28,000 shares in the company, valued at $602,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

HP Inc (HPQ) traded down $0.21 on Thursday, hitting $21.25. 8,742,419 shares of the stock were exchanged, compared to its average volume of 10,945,337. The stock has a market capitalization of $35,240.79, a price-to-earnings ratio of 12.98, a P/E/G ratio of 2.27 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 current ratio of 1.00 and a quick ratio of 0.74.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. analysts forecast that HP Inc will post 1.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from HP’s previous quarterly dividend of $0.13. HP’s dividend payout ratio (DPR) is currently 37.58%.

Institutional investors and hedge funds have recently bought and sold shares of the company. CAPROCK Group Inc. raised its stake in shares of HP by 104.5% during the third quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock valued at $871,000 after purchasing an additional 22,150 shares during the period. Swiss National Bank raised its stake in shares of HP by 0.6% during the third quarter. Swiss National Bank now owns 6,208,592 shares of the computer maker’s stock valued at $123,923,000 after purchasing an additional 34,800 shares during the period. Meyer Handelman Co. raised its stake in shares of HP by 3.1% during the third quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock valued at $8,971,000 after purchasing an additional 13,600 shares during the period. State of Wisconsin Investment Board raised its stake in shares of HP by 43.9% during the third quarter. State of Wisconsin Investment Board now owns 2,151,950 shares of the computer maker’s stock valued at $42,953,000 after purchasing an additional 656,546 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of HP by 17.4% during the third quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock worth $96,389,000 after buying an additional 716,899 shares in the last quarter. Institutional investors own 79.68% of the company’s stock.

Several research analysts have recently weighed in on HPQ shares. Loop Capital increased their price objective on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research lowered shares of HP from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of HP in a report on Thursday, August 24th. Deutsche Bank restated a “buy” rating and issued a $25.00 price target on shares of HP in a report on Wednesday, November 22nd. Finally, Citigroup raised their price target on shares of HP from $20.00 to $23.00 and gave the company a “buy” rating in a report on Friday, October 13th. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $21.31.

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HP Company Profile

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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