Insider Selling: HP Inc. (NYSE:HPQ) Insider Sells 21,545 Shares of Stock

HP Inc. (NYSE:HPQ) insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, the insider now owns 169 shares of the company’s stock, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

HP Stock Performance

Shares of HPQ traded down $0.75 during trading hours on Friday, hitting $27.90. The stock had a trading volume of 5,450,158 shares, compared to its average volume of 7,455,336. The company’s fifty day simple moving average is $31.57 and its 200 day simple moving average is $34.02. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80. The firm has a market cap of $26.30 billion, a P/E ratio of 9.93, a P/E/G ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.15%. HP’s dividend payout ratio (DPR) is 41.37%.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent research reports. Barclays upped 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. Sanford C. Bernstein increased their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley cut their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.14.

Institutional Trading of HP

Several hedge funds and other institutional investors have recently bought and sold shares of HPQ. State Street Corp grew its holdings in shares of HP by 8.2% during 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 purchasing an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of HP by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker’s stock worth $825,398,000 after purchasing an additional 579,525 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of HP by 4.2% during the fourth quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker’s stock valued at $482,164,000 after purchasing an additional 592,391 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker’s stock valued at $419,126,000 after purchasing an additional 1,755,942 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of HP by 7.3% during the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker’s stock valued at $310,351,000 after buying an additional 643,192 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

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.