HP Inc. (NYSE:HPQ – Get Free Report) insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Anneliese Olson also recently made the following trade(s):
- On Wednesday, October 29th, Anneliese Olson sold 18,154 shares of HP stock. The shares were sold at an average price of $27.88, for a total value of $506,133.52.
HP Stock Up 0.6%
HP stock traded up $0.15 during mid-day trading on Wednesday, hitting $25.53. 11,979,792 shares of the company were exchanged, compared to its average volume of 13,429,795. The company has a market capitalization of $23.86 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 4.76 and a beta of 1.22. The business has a fifty day moving average of $25.95 and a 200 day moving average of $26.12. HP Inc. has a 1-year low of $21.21 and a 1-year high of $35.28.
HP Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. HP’s dividend payout ratio (DPR) is 43.77%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Morgan Stanley cut their price target on HP from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group decreased their price objective on shares of HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Finally, Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.69.
View Our Latest Stock Report on HPQ
Institutional Investors Weigh In On HP
Several institutional investors have recently modified their holdings of the business. Nuveen LLC acquired a new position in shares of HP during the 1st quarter worth about $179,037,000. Arrowstreet Capital Limited Partnership lifted its position in shares of HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after buying an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after acquiring an additional 5,325,260 shares during the last quarter. Norges Bank acquired a new stake in HP during the 2nd quarter valued at $91,698,000. Finally, Vanguard Group Inc. boosted its position in HP by 2.5% during the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after purchasing an additional 3,122,436 shares during the period. 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.
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