HP Inc. (NYSE:HPQ) Insider Stephanie Liebman Sells 15,646 Shares

HP Inc. (NYSE:HPQ) insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Stephanie Liebman also recently made the following trade(s):

• On Monday, December 30th, Stephanie Liebman sold 11,000 shares of HP stock. The shares were sold at an average price of $32.50, for a total value of $357,500.00.

HP Stock Performance

Shares of HP stock opened at $28.78 on Wednesday. The company has a market capitalization of $27.13 billion, a PE ratio of 10.24, a P/E/G ratio of 2.96 and a beta of 1.09. The company has a 50-day simple moving average of $31.73 and a two-hundred day simple moving average of $34.09. HP Inc. has a one year low of $27.43 and a one year high of $39.80.

HP (NYSE:HPQ) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $13.35 billion. On average, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared 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 is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.02%. HP’s payout ratio is presently 41.37%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HPQ shares. Loop Capital dropped 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. Citigroup cut their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Barclays upped their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. StockNews.com raised HP from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, HSBC lowered shares of HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $36.14.

Institutional Investors Weigh In On HP

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of HP by 8.2% during the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock valued at $1,871,046,000 after buying an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of HP by 2.3% during 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 period. Pacer Advisors Inc. increased its holdings in shares of HP by 4.2% during the 4th 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 in the last quarter. Northern Trust Corp lifted its stake in shares of HP by 15.8% in the 4th 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 during the period. Finally, Invesco Ltd. boosted its holdings in HP by 7.3% during the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker’s stock worth $310,351,000 after buying an additional 643,192 shares in the last quarter. Institutional investors and hedge funds own 77.53% 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.