Insider Selling: HP Inc (HPQ) COO Sells $4,484,453.48 in Stock

HP Inc (NYSE:HPQ) COO Jon E. Flaxman sold 207,806 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $21.58, for a total transaction of $4,484,453.48. Following the sale, the chief operating officer now owns 298,538 shares of the company’s stock, valued at $6,442,450.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

HP Inc (NYSE:HPQ) opened at $22.05 on Thursday. HP Inc has a one year low of $14.41 and a one year high of $22.68. The firm has a market cap of $36,280.00, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 2.30 and a beta of 1.81. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.1393 per share. This is an increase from HP’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.53%. HP’s dividend payout ratio (DPR) is currently 37.84%.

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of HP to $23.00 and gave the company a “positive” rating in a research report on Wednesday, November 22nd. Maxim Group restated a “hold” rating and set a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. Deutsche Bank restated a “buy” rating and set a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. Royal Bank of Canada upped their price target 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 restated a “hold” rating and set a $14.00 price target on shares of HP in a research report on Wednesday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.31.

Several hedge funds and other institutional investors have recently made changes to their positions in HPQ. Bronfman E.L. Rothschild L.P. increased its stake in shares of HP by 19.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after purchasing an additional 1,013 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of HP by 3.2% during the second 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. Evercore Wealth Management LLC increased its stake in shares of HP by 14.0% during the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after purchasing an additional 836 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of HP by 1.1% during the second quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after purchasing an additional 85 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of HP by 9.8% during the second quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock valued at $161,000 after purchasing an additional 824 shares in the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.

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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.

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

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