HP Inc. (NYSE:HPQ – Get Free Report) insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
HP Stock Performance
HP stock opened at $30.51 on Wednesday. The firm’s 50-day moving average is $29.24 and its 200-day moving average is $28.54. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90. The company has a market cap of $29.92 billion, a P/E ratio of 8.92, a PEG ratio of 2.59 and a beta of 1.04.
HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The business had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that HP Inc. will post 3.41 earnings per share for the current year.
HP Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts have commented on HPQ shares. Morgan Stanley upgraded shares of HP from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $35.00 in a research note on Tuesday, December 12th. Barclays increased their price objective on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Evercore ISI upgraded shares of HP from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $40.00 in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HP has an average rating of “Moderate Buy” and a consensus price target of $32.40.
Get Our Latest Analysis on HPQ
Institutional Trading of HP
A number of large investors have recently modified their holdings of HPQ. Cantor Fitzgerald Investment Advisor L.P increased its holdings in shares of HP by 89.9% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 873,243 shares of the computer maker’s stock worth $31,698,000 after acquiring an additional 413,491 shares during the period. Canada Pension Plan Investment Board increased its stake in HP by 46.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 305,877 shares of the computer maker’s stock valued at $11,103,000 after buying an additional 97,178 shares during the period. Prudential PLC acquired a new position in HP during the 1st quarter valued at about $892,000. Cetera Investment Advisers increased its stake in HP by 6.8% during the 1st quarter. Cetera Investment Advisers now owns 17,651 shares of the computer maker’s stock valued at $641,000 after buying an additional 1,121 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in HP during the 1st quarter valued at about $309,000. Institutional investors and hedge funds own 76.04% 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.
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