HP Inc. (NYSE:HPQ) Insider Stephanie Liebman Sells 11,000 Shares

HP Inc. (NYSE:HPQ - Get Free Report) insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares of the company's stock, valued at $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

HP Stock Performance

Shares of HPQ stock remained flat at $32.63 during mid-day trading on Tuesday. The stock had a trading volume of 4,126,636 shares, compared to its average volume of 7,792,811. The firm has a market capitalization of $31.45 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a 50-day moving average of $35.72 and a 200-day moving average of $35.60.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. HP's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. As a group, equities research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.16 annualized dividend and a yield of 3.55%. This is a boost from HP's previous quarterly dividend of $0.28. HP's dividend payout ratio (DPR) is currently 41.28%.

Institutional Investors Weigh In On HP

A number of hedge funds have recently added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC bought a new stake in shares of HP in the third quarter worth $25,000. Wolff Wiese Magana LLC grew its stake in shares of HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker's stock valued at $35,000 after purchasing an additional 518 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of HP during the 3rd quarter valued at about $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP in the third quarter worth approximately $40,000. Finally, DecisionPoint Financial LLC purchased a new position in shares of HP in the second quarter worth approximately $43,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HPQ. TD Cowen upped their price target on HP from $32.00 to $39.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. HSBC lowered shares of HP from a "buy" rating to a "hold" rating and decreased their price target for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. JPMorgan Chase & Co. dropped their price objective on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Citigroup decreased their target price on shares of HP from $37.00 to $36.50 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Finally, Bank of America cut HP from a "buy" rating to a "neutral" rating and set a $37.00 price target on the stock. in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, HP presently has a consensus rating of "Hold" and a consensus price target of $36.45.

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.