Insider Selling: HP Inc. (NYSE:HPQ) Insider Sells $570,325.60 in Stock


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HP Inc. (NYSE:HPQ) insider Claire Bramley sold 23,374 shares of the business’s stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $24.40, for a total value of $570,325.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Claire Bramley also recently made the following trade(s):

  • On Friday, December 4th, Claire Bramley sold 19,086 shares of HP stock. The stock was sold at an average price of $23.78, for a total value of $453,865.08.

HPQ stock opened at $24.59 on Friday. The stock has a market cap of $31.71 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07. The stock has a 50-day moving average price of $22.60 and a two-hundred day moving average price of $19.37. HP Inc. has a 1 year low of $12.54 and a 1 year high of $24.69.

HP (NYSE:HPQ) last announced its quarterly earnings data on Monday, November 23rd. The computer maker reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.10. HP had a negative return on equity of 196.27% and a net margin of 5.02%. During the same period in the previous year, the business posted $0.60 earnings per share. On average, equities analysts expect that HP Inc. will post 2.65 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HM Payson & Co. grew its holdings in shares of HP by 9,229.9% in the 3rd quarter. HM Payson & Co. now owns 1,207,665 shares of the computer maker’s stock valued at $22,934,000 after acquiring an additional 1,194,721 shares in the last quarter. Trust Asset Management LLC grew its holdings in HP by 11.3% during the third quarter. Trust Asset Management LLC now owns 31,773 shares of the computer maker’s stock worth $603,000 after purchasing an additional 3,228 shares during the period. Advisor Partners LLC grew its holdings in HP by 2.9% during the third quarter. Advisor Partners LLC now owns 47,416 shares of the computer maker’s stock worth $900,000 after purchasing an additional 1,349 shares during the period. Jeppson Wealth Management LLC bought a new position in HP during the third quarter worth about $34,000. Finally, Rehmann Capital Advisory Group bought a new position in HP during the third quarter worth about $271,000. Institutional investors own 76.14% of the company’s stock.

A number of equities research analysts have recently issued reports on HPQ shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on HP from $18.50 to $23.50 in a research report on Wednesday, November 25th. Bank of America increased their price target on HP from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Wednesday, November 25th. Morgan Stanley raised HP from an “equal weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Wednesday, December 16th. Standpoint Research raised HP from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, BidaskClub raised HP from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.08.

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.

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