Sen. John Boozman Sells HP Inc. (NYSE:HPQ) Stock

Senator John Boozman (R-Arkansas) recently sold shares of HP Inc. (NYSE:HPQ). In a filing disclosed on February 08th, the Senator disclosed that they had sold between $1,001 and $15,000 in HP stock on January 28th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) on 1/28/2025.
• Purchased $1,001 – $15,000 in shares of NRG Energy (NYSE:NRG) on 1/28/2025.
• Purchased $1,001 – $15,000 in shares of Invesco Short Term Treasury ETF (NYSEARCA:TBLL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of Invesco Short Term Treasury ETF (NYSEARCA:TBLL) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 1/14/2025.
• Sold $1,001 – $15,000 in shares of Cisco Systems (NASDAQ:CSCO) on 1/14/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/14/2025.
• Purchased $1,001 – $15,000 in shares of Mastercard (NYSE:MA) on 1/14/2025.
• Sold $1,001 – $15,000 in shares of Invesco QQQ (NASDAQ:QQQ) on 1/14/2025.

HP Price Performance

Shares of HPQ stock opened at $32.26 on Monday. The business’s fifty day moving average price is $33.49 and its 200 day moving average price is $34.94. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The firm has a market capitalization of $30.25 billion, a PE ratio of 11.48, a P/E/G ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. HP’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio is presently 40.93%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HPQ. Ashton Thomas Securities LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC bought a new stake in shares of HP in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter worth approximately $31,000. Wolff Wiese Magana LLC lifted its holdings in shares of HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $37,000. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the sale, the insider now directly owns 64,676 shares in the company, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,035 shares of company stock valued at $9,670,068. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HPQ shares. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Sanford C. Bernstein boosted their target price on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. TD Cowen upped their price objective on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Citigroup reduced their price objective 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, HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.23.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.