HP Inc. (NYSE:HPQ – Get Rating) Chief Financial Officer Marie Myers sold 4,500 shares of the company in a trade dated Friday, July 1. The shares were sold at an average price of $32.67, for a total value of $147,015.00. Following the completion of the transaction, the CFO now owns 18,000 shares of the company, valued at approximately $588,060. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.

Marie Myers has also recently worked in the following job(s):

  • On Wednesday, June 8, Marie Myers sold 6,219 HP shares. The shares were sold at an average price of $38.95, for a total value of $242,230.05.
  • On Thursday, June 2, Marie Myers sold 4,500 HP shares. The stock was sold at an average price of $39.91, for a total value of $179,595.00.
  • On Monday, May 2, Marie Myers sold 4,500 HP shares. The stock was sold at an average price of $36.62, for a total value of $164,790.00.

NYSE HPQ traded down $0.33 during trading hours on Tuesday, hitting $31.54. 13,970,434 shares of the stock have been traded, compared to its average volume of 9,725,253. The company has a market capitalization of $32.62 billion, a price-to-earnings ratio of 5.44, a price ratio /growth earnings of 1.85 and a beta of 0.97. The stock has a 50-day simple moving average of $36.20 and a 200-day simple moving average of $36.80. HP Inc. has a 1-year low of $26.11 and a 1-year high of $41.47.

HP (NYSE:HPQ – Get Rating) last released its quarterly results on Tuesday, May 31. The computer maker reported EPS of $1.08 for the quarter, beating analyst consensus estimates of $1.05 by $0.03. HP had a negative return on equity of 188.59% and a net margin of 9.61%. The company posted revenue of $16.49 billion for the quarter, versus $16.19 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.93. The company’s revenue for the quarter increased by 3.9% compared to the same quarter last year. On average, equity research analysts expect HP Inc. to post earnings per share of 4.31 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5. Investors of record on Wednesday, September 14 will receive a dividend of $0.25. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Tuesday, September 13. HP’s payout ratio is 17.99%.

A number of institutional investors have recently bought and sold shares of HPQ. Central Bank & Trust Co. bought a new position in HP stock during the first quarter worth about $25,000. Counterpoint Mutual Funds LLC acquired a new stake in HP stock during the fourth quarter at a value of $26,000. Equitec Proprietary Markets LLC acquired a new stake in HP stock during the fourth quarter at a value of $26,000. Certified Advisory Corp bought a new position in HP stock during the first quarter worth $26,000. Finally, Disciplined Investments LLC increased its holding in HP shares by 100.0% during the fourth quarter. Disciplined Investments LLC now owns 800 shares of the computer maker worth $30,000 after buying an additional 400 shares in the last quarter. 81.94% of the shares are currently held by institutional investors.

A number of brokerages have recently commented on HPQ. UBS Group downgraded HP from a “buy” rating to a “neutral” rating and set a target price of $40.00 for the company. in a Friday, April 8 research note. Barclays raised its price target on HP from $29.00 to $32.00 and gave the stock an “underweight” rating in a Wednesday, June 1 report. Morgan Stanley downgraded HP from an “equal weight” rating to an “underweight” rating and lowered its price target for the company from $34.00 to $31.00 in a Thursday 31 report. march. Citigroup raised its price target on HP from $38.00 to $40.00 and gave the stock a “neutral” rating in a Wednesday, June 1 report. Finally, JPMorgan Chase & Co. lowered its price target on HP from $41.00 to $39.00 in a Wednesday, May 25 research report. Three research analysts gave the stock a sell rating, eight issued a hold rating and two gave the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.92.

HP Company Profile (Get an assessment)

HP Inc provides products, technology, software, solutions, and services to consumers, small and medium businesses, and large enterprises, including government, healthcare, and education customers 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 mobile devices, retail point-of-sale systems, displays and other accessories related products, software, support and services for business and consumer markets.

Further reading

Insider buying and selling by quarter for HP (NYSE:HPQ)

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