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 stock was sold at an average price of $21.58, for a total transaction of $4,484,453.48. Following the completion of the sale, the chief operating officer now directly owns 298,538 shares in the company, valued at approximately $6,442,450.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of HP Inc (HPQ) traded down $0.82 on Friday, hitting $22.48. 9,162,828 shares of the stock traded hands, compared to its average volume of 7,890,000. The company has a market cap of $36,980.00, a PE ratio of 15.19, a P/E/G ratio of 2.45 and a beta of 1.76. HP Inc has a one year low of $14.87 and a one year high of $24.10. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of -1.98.
HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $13.93 billion during 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 business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. equities research analysts forecast that HP Inc will post 1.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.1393 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Tuesday, March 13th. HP’s payout ratio is presently 37.84%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CAPROCK Group Inc. boosted its holdings in shares of HP by 104.5% in the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock valued at $871,000 after buying an additional 22,150 shares during the last quarter. Swiss National Bank lifted its holdings in HP by 0.6% during the 3rd 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 last quarter. Meyer Handelman Co. lifted its holdings in HP by 3.1% during the 3rd 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 last quarter. State of Wisconsin Investment Board lifted its holdings in HP by 43.9% during the 3rd 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 last quarter. Finally, Principal Financial Group Inc. lifted its holdings in HP by 17.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock valued at $96,389,000 after purchasing an additional 716,899 shares during the last quarter. 80.97% of the stock is owned by institutional investors.
Several research firms have recently weighed in on HPQ. ValuEngine raised shares of HP from a “buy” rating to a “strong-buy” rating in a report on Friday. Maxim Group reaffirmed a “hold” rating and issued a $25.00 target price on shares of HP in a report on Wednesday, November 22nd. Mizuho downgraded shares of HP from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Thursday. They noted that the move was a valuation call. Loop Capital reiterated a “buy” rating and set a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. Finally, Citigroup upped their price target on shares of HP from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.51.
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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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