HP Inc. (NYSE:HPQ) reached 15.45% versus a 1-year low price of $18.06. The stock was last seen 1.26% higher, reaching at $20.85 on 7/11/2019. At a recent session, the prices were hovering between $20.47 and $20.86. This company shares are 11.37% off its target price of $23.22 and the current market capitalization stands at $31.88B. The recent change has given its price a 4.94% lead over SMA 50 and -23.01% deficit over its 52-week high. The stock witnessed 4.98% gains, 4.41% gains and -1.7% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HPQ’s volatility during a week at 1.6% and during a month it has been found around 1.49%.
What Does HP Inc. (HPQ) Do?
The company describes itself in regulatory filings as, “HP Inc. enages in the provision of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It operates through following business segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, 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. The Printing segment gives consumer and commercial printer hardware, supplies, solutions and services,and scanning devices. The Corporate Investments segment includes HP Labs and certain business incubation projects. The company was founded by William R. Hewlett and David Packard in 1939 and is headquartered in Palo Alto, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/HPQ/profile under company description.]HP Inc. (HPQ) Top Holders
Institutional investors currently hold around $25.2 billion or 85.1% in HPQ stock. Look at its top three institutional owners: Vanguard Group Inc owns $2.66 billion in HP Inc., which represents roughly 8.34% of the company’s market cap and approximately 10.56% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 104,415,549 shares of the stock are valued at $2.15 billion. The third largest holder is Dodge & Cox, which currently holds $1.9 billion worth of this stock and that ownership represents nearly 5.95% of its market capitalization.HP Inc. 13F Filings
At the end of March reporting period, 372 institutional holders increased their position in HP Inc. (NYSE:HPQ) by some 94,839,527 shares, 498 decreased positions by 114,700,070 and 151 held positions by 1,014,000,000. That puts total institutional holdings at 1,224,000,000 shares, according to SEC filings. The stock grabbed 58 new institutional investments totaling 7,497,701 shares while 98 institutional investors sold out their entire positions totaling 11,395,363 shares.HP Inc. (NYSE:HPQ) Insider Trades
Multiple company employees have indulged in significant insider trading. HP Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO WEISLER DION J has sold 132,964 shares of HP Inc. (HPQ) in the trading session dated Jun. 27, 2019. These shares are worth $2,785,596 and were traded at $20.95 each. The SEC filing shows that BRAMLEY CLAIRE performed a sale of 16,852 shares. The Controller disposed these shares by way of transaction on Jun. 26, 2019. The company’s shares were given away at $20.81 per share worth to an income of some $350,690 to the account of BRAMLEY CLAIRE.
President SBM, CLO, GC & Sec, Rivera Kim M, sold 20,000 common shares of HP Inc. (HPQ) in the open market. In a transaction dated Jun. 19, 2019, the shares were put up for sale at an average price of $20.53, raking in a sum of $410,600. After this sale, 105,899 common shares of HPQ are directly owned by the insider, with total stake valued at $2,207,994.
In the transaction dated Jun. 10, 2019, a great number of shares sold came courtesy the Director; Banerji Shumeet disposed a total of 28,000 shares at an average price of $20, amounting to approximately $560,000. The insider now directly owns 31,311 shares worth $652,834.HP Inc. (HPQ) Analyst Guide
Several analysts have released their opinion on HP Inc. (NYSE:HPQ), with 6 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.29 average brokerage recommendation [T1].