Ron Coughlin Sells 25,000 Shares of HP Inc (HPQ) Stock

HP Inc (NYSE:HPQ) insider Ron Coughlin sold 25,000 shares of HP stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $21.48, for a total value of $537,000.00. Following the transaction, the insider now owns 53,173 shares of the company’s stock, valued at $1,142,156.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of HP Inc (HPQ) opened at $21.02 on Thursday. The company has a market cap of $35,192.25, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.81. 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 Inc has a 12 month low of $14.40 and a 12 month high of $22.68.

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

The business 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 is Tuesday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.65%. HP’s payout ratio is currently 35.57%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of HP by 229.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,070 shares of the computer maker’s stock valued at $261,000 after buying an additional 9,097 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of HP by 4.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,175,619 shares of the computer maker’s stock valued at $23,465,000 after buying an additional 54,441 shares during the period. Garde Capital Inc. grew its stake in shares of HP by 6.7% during the 3rd quarter. Garde Capital Inc. now owns 48,290 shares of the computer maker’s stock valued at $964,000 after buying an additional 3,015 shares during the period. Algert Global LLC purchased a new stake in shares of HP during the 3rd quarter valued at $1,927,000. Finally, Americafirst Capital Management LLC purchased a new stake in shares of HP during the 3rd quarter valued at $366,000. 79.98% of the stock is owned by institutional investors.

Several research analysts recently issued reports on HPQ shares. Guggenheim restated a “neutral” rating on shares of HP in a research report on Monday, October 2nd. Morgan Stanley lifted their price objective on HP from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Jefferies Group restated a “hold” rating and set a $20.00 price objective on shares of HP in a research report on Sunday, October 8th. Susquehanna Bancshares restated a “hold” rating and set a $20.00 price objective on shares of HP in a research report on Friday, August 25th. Finally, Deutsche Bank restated a “buy” rating on shares of HP in a research report on Thursday, August 24th. Twelve research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. HP currently has an average rating of “Buy” and an average target price of $21.31.

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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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