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

HP Inc. (NYSE:HPQ) insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $32.50, for a total transaction of $357,500.00.

HP Price Performance

Shares of HPQ opened at $28.71 on Thursday. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80. The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 10.22, 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 $31.64 and a 200-day simple moving average of $34.06.

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 analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion during 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, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued 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 4.03%. HP’s dividend payout ratio (DPR) is presently 41.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPQ. Wells Fargo & Company increased their target price on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Loop Capital reduced their target price on HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. Morgan Stanley decreased their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Citigroup decreased their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.14.

Hedge Funds Weigh In On HP

Institutional investors and hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in HP in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in HP in the fourth quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in HP in the fourth quarter valued at $36,000. Itau Unibanco Holding S.A. purchased a new position in HP during the third quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new stake in HP in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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.