HP Inc. (NYSE:HPQ) Insider Stephanie Liebman Sells 15,646 Shares

HP Inc. (NYSE:HPQ) insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Stephanie Liebman also recently made the following trade(s):

• On Monday, December 30th, Stephanie Liebman sold 11,000 shares of HP stock. The stock was sold at an average price of $32.50, for a total value of $357,500.00.

HP Stock Down 0.8 %

Shares of HPQ stock traded down $0.22 on Tuesday, reaching $28.78. The stock had a trading volume of 6,053,693 shares, compared to its average volume of 7,179,394. The firm has a market capitalization of $27.13 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 12 month low of $27.43 and a 12 month high of $39.80. The firm’s 50-day moving average is $31.80 and its two-hundred day moving average is $34.13.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is 41.37%.

Hedge Funds Weigh In On HP

A number of large investors have recently made changes to their positions in HPQ. Norges Bank purchased a new stake in HP during the fourth quarter valued at about $229,320,000. State Street Corp boosted its holdings in HP by 8.2% in the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock valued at $1,871,046,000 after acquiring an additional 3,923,161 shares in the last quarter. Geode Capital Management LLC increased its position in shares of HP by 11.1% during the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock valued at $885,877,000 after buying an additional 2,477,977 shares during the period. KBC Group NV raised its position in shares of HP by 145.1% in the 4th quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock worth $116,031,000 after acquiring an additional 2,105,104 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in HP during the fourth quarter valued at $65,260,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup decreased their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. HSBC lowered HP from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. TD Cowen dropped their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Finally, Barclays lifted their target price on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.14.

HP Company Profile

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.