Claire Bramley Sells 15,819 Shares of HP Inc. (NYSE:HPQ) Stock

HP Inc. (NYSE:HPQ) insider Claire Bramley sold 15,819 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $20.00, for a total transaction of $316,380.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NYSE:HPQ opened at $19.91 on Friday. The firm has a market capitalization of $30.11 billion, a PE ratio of 9.86, a P/E/G ratio of 3.01 and a beta of 1.35. HP Inc. has a one year low of $18.06 and a one year high of $27.08.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, May 23rd. The computer maker reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $14.04 billion for the quarter, compared to analyst estimates of $13.97 billion. HP had a net margin of 6.67% and a negative return on equity of 232.81%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, equities research analysts expect that HP Inc. will post 2.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be issued a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, June 11th. HP’s payout ratio is 31.68%.

Several large investors have recently modified their holdings of HPQ. Claybrook Capital LLC increased its holdings in shares of HP by 367.8% in the 4th quarter. Claybrook Capital LLC now owns 1,235 shares of the computer maker’s stock worth $25,000 after buying an additional 971 shares during the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of HP by 1,760.0% during the 1st quarter. Dubuque Bank & Trust Co. now owns 1,302 shares of the computer maker’s stock valued at $25,000 after purchasing an additional 1,232 shares during the last quarter. Sontag Advisory LLC bought a new position in shares of HP during the 4th quarter valued at $26,000. Gradient Investments LLC grew its holdings in shares of HP by 331.6% during the 1st quarter. Gradient Investments LLC now owns 1,394 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of HP during the 1st quarter valued at $27,000. 80.44% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on HPQ. Bank of America cut shares of HP from a “buy” rating to an “underperform” rating and set a $19.00 target price on the stock. in a research note on Thursday, February 28th. ValuEngine cut shares of HP from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. BMO Capital Markets lowered their target price on shares of HP from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Credit Suisse Group began coverage on shares of HP in a research note on Thursday, April 11th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of HP in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.26.

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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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