Sen. John Boozman Sells HP Inc. (NYSE:HPQ) Shares

Senator John Boozman (R-Arkansas) recently sold shares of HP Inc. NYSE: HPQ. In a filing disclosed on February 08th, the Senator disclosed that they had sold between $1,001 and $15,000 in HP stock on January 28th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of iShares S&P 500 Growth ETF NYSEARCA: IVW on 1/28/2025.
• Purchased $1,001 - $15,000 in shares of NRG Energy NYSE: NRG on 1/28/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 1/28/2025.
• Sold $1,001 - $15,000 in shares of SPDR S&P 500 ETF Trust NYSEARCA: SPY on 1/16/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 1/16/2025.
• Purchased $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 1/14/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 1/14/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/14/2025.
• Purchased $1,001 - $15,000 in shares of Mastercard NYSE: MA on 1/14/2025.
• Sold $1,001 - $15,000 in shares of Invesco QQQ NASDAQ: QQQ on 1/14/2025.

HP Stock Performance

NYSE:HPQ traded down $0.11 on Wednesday, hitting $33.04. 4,312,315 shares of the stock were exchanged, compared to its average volume of 5,914,940. The stock has a market capitalization of $30.98 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 2.78 and a beta of 1.05. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The company's 50-day moving average price is $33.34 and its 200 day moving average price is $34.88.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the business posted $0.90 earnings per share. HP's revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.2894 dividend. 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 3.50%. HP's payout ratio is 41.28%.

Institutional Investors Weigh In On HP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Unison Advisors LLC increased its holdings in HP by 0.8% during the 4th quarter. Unison Advisors LLC now owns 112,987 shares of the computer maker's stock worth $3,719,000 after purchasing an additional 870 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of HP during the fourth quarter worth about $1,893,000. Conquis Financial LLC acquired a new stake in HP in the 4th quarter valued at approximately $62,000. Pitcairn Co. raised its position in HP by 8.1% in the 4th quarter. Pitcairn Co. now owns 96,471 shares of the computer maker's stock valued at $3,148,000 after buying an additional 7,251 shares during the last quarter. Finally, Westpac Banking Corp lifted its stake in HP by 24.6% in the 4th quarter. Westpac Banking Corp now owns 133,275 shares of the computer maker's stock valued at $4,349,000 after acquiring an additional 26,316 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on HPQ. HSBC cut HP from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. JPMorgan Chase & Co. decreased their target price on HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Barclays lifted their price objective on shares of HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Hsbc Global Res downgraded shares of HP from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $36.23.

Insiders Place Their Bets

In related news, insider Alex Cho sold 10,298 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the sale, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares of the company's stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 in the last quarter. 0.41% of the stock is currently owned by insiders.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.