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

HP Inc. (NYSE:HPQ) insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a 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 transaction of $357,500.00.

HP Trading Down 0.8 %

HPQ traded down $0.22 during trading on Tuesday, hitting $28.78. 6,053,693 shares of the company’s stock traded hands, compared to its average volume of 7,179,394. The stock has a market capitalization of $27.13 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 2.96 and a beta of 1.09. The company’s 50 day simple moving average is $31.80 and its two-hundred day simple moving average is $34.13. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80.

HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, equities analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of HP during the 4th quarter valued at $229,320,000. State Street Corp lifted its position in shares of 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 boosted its stake in shares of HP by 11.1% in the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock worth $885,877,000 after acquiring an additional 2,477,977 shares during the period. KBC Group NV grew its position in shares of HP by 145.1% during the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock worth $116,031,000 after purchasing an additional 2,105,104 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in HP during the 4th quarter valued at approximately $65,260,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research analyst reports. StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Wells Fargo & Company raised their target price on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Sanford C. Bernstein lifted their price objective on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, HSBC cut HP from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.