By otakuyassine3@gmail.com 
HP Inc. (NYSE:HPQ – Get Free Report) insider Stephanie Liebman sold 11,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
HP Stock Performance
HPQ remained flat at $32.63 during midday trading on Tuesday. The company’s stock had a trading volume of 4,126,636 shares, compared to its average volume of 7,792,811. The company has a market cap of $31.45 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The stock has a 50 day moving average of $35.79 and a two-hundred day moving average of $35.62.
HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (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 during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. HP’s revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current year.
HP Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from HP’s previous quarterly dividend of $0.28. HP’s payout ratio is presently 41.28%.
Institutional Trading of HP
Institutional investors and hedge funds have recently modified their holdings of the business. LVW Advisors LLC boosted its stake in HP by 1.2% in the third quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker’s stock valued at $857,000 after acquiring an additional 278 shares during the last quarter. Castleview Partners LLC raised its stake in shares of HP by 8.1% in the third quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker’s stock valued at $138,000 after buying an additional 289 shares during the period. Versant Capital Management Inc lifted its position in shares of HP by 5.9% during the 3rd quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker’s stock valued at $191,000 after buying an additional 297 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of HP by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock worth $346,000 after acquiring an additional 303 shares during the period. Finally, Arvest Investments Inc. increased its holdings in HP by 0.9% in the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock worth $1,232,000 after acquiring an additional 310 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
HPQ has been the topic of a number of research reports. Citigroup dropped their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Bank of America lowered shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Friday, September 27th. JPMorgan Chase & Co. cut their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. HSBC lowered HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Barclays increased their price target on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.45.
Read Our Latest Research Report on HP
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.
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