HP (NYSE:HPQ) Sets New 1-Year Low on Insider Selling

HP Inc. (NYSE:HPQ - Get Free Report)'s stock price hit a new 52-week low on Monday after an insider sold shares in the company. The company traded as low as $27.30 and last traded at $27.47, with a volume of 449962 shares. The stock had previously closed at $27.90.

Specifically, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares of the company's stock, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HPQ shares. Morgan Stanley lowered their price target on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. TD Cowen reduced their price objective on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a research note on Friday, February 28th. StockNews.com raised shares of HP from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Loop Capital reduced their price target on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company increased their price objective on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. One equities 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 company currently has an average rating of "Hold" and an average target price of $36.14.

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HP Price Performance

The company has a market capitalization of $21.08 billion, a P/E ratio of 7.96, a PEG ratio of 2.96 and a beta of 1.09. The business's 50-day moving average price is $30.98 and its two-hundred day moving average price is $33.79.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.18%. HP's payout ratio is 41.37%.

Institutional Investors Weigh In On HP

A number of large investors have recently added to or reduced their stakes in HPQ. Townsquare Capital LLC lifted its stake in shares of HP by 72.6% during the 3rd quarter. Townsquare Capital LLC now owns 14,725 shares of the computer maker's stock worth $528,000 after buying an additional 6,192 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of HP by 136.8% during the third quarter. Public Sector Pension Investment Board now owns 42,578 shares of the computer maker's stock worth $1,527,000 after acquiring an additional 24,600 shares during the period. Centiva Capital LP acquired a new position in shares of HP in the third quarter valued at approximately $229,000. Janus Henderson Group PLC increased its stake in shares of HP by 7.5% during the third quarter. Janus Henderson Group PLC now owns 141,157 shares of the computer maker's stock worth $5,064,000 after purchasing an additional 9,800 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in HP by 114.1% during the 3rd quarter. IHT Wealth Management LLC now owns 15,938 shares of the computer maker's stock worth $566,000 after purchasing an additional 8,494 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

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.