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 dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $32.50, for a total value of $357,500.00.

HP Stock Down 0.8 %

Shares of NYSE HPQ opened at $28.78 on Wednesday. The stock has a market capitalization of $27.13 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The firm has a 50-day simple moving average of $31.73 and a 200-day simple moving average of $34.09. HP Inc. has a 52 week low of $27.43 and a 52 week 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 (EPS) for the quarter, meeting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. As a group, equities research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HPQ. TD Cowen decreased their price objective on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Loop Capital lowered their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Citigroup dropped their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein upped their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus target price of $36.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in HP by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 259,257 shares of the computer maker’s stock valued at $8,460,000 after acquiring an additional 28,910 shares in the last quarter. 111 Capital purchased a new stake in shares of HP in the 4th quarter valued at about $557,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of HP by 4.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 245,182 shares of the computer maker’s stock valued at $8,000,000 after purchasing an additional 11,213 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of HP in the 4th quarter valued at about $10,421,000. Finally, Aegis Wealth Management LLC purchased a new position in HP during the 4th quarter worth approximately $261,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

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.