HP Inc (NYSE: HPQ) is 15.69% higher on its value in year-to-date trading and has touched a low of $25.22 and a high of $39.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HPQ stock was last observed hovering at around $34.60 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $34.81, the stock is -0.27% and -2.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.83 million and changing 0.61% at the moment leaves the stock 11.87% off its SMA200. HPQ registered 12.07% gain for a year compared to 6-month gain of 21.59%.
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The stock witnessed a -8.44% loss in the last 1 month and extending the period to 3 months gives it a 9.40%, and is 0.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 2.33% over the month.
HP Inc (HPQ) has around 58000 employees, a market worth around $34.06B and $52.79B in sales. Current P/E ratio is 11.73 and Fwd P/E is 9.35. Profit margin for the company is 5.62%. Distance from 52-week low is 38.03% and -11.92% from its 52-week high. The company has generated returns on investments over the last 12 months (32.34%).
with sales reaching $13.38B over the same period.The EPS is expected to grow by 5.08% this year, but quarterly earnings will post -0.20% year-over-year.
HP Inc (HPQ) Top Institutional Holders
1597.0 institutions hold shares in HP Inc (HPQ), with institutional investors hold 79.89% of the company’s shares. The shares outstanding are 989.00M, and float is at 975.23M with Short Float at 2.50%. Institutions hold 79.74% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 120.78 million shares valued at $3.65 billion. The investor’s holdings represent 12.2742 of the HPQ Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 97.27 million shares valued at $2.94 billion to account for 9.8852 of the shares outstanding. The other top investors are STATE STREET CORP which holds 44.95 million shares representing 4.5679 and valued at over $1.37 billion, while DODGE & COX holds 3.5925 of the shares totaling 35.35 million with a market value of $1.07 billion.
HP Inc (HPQ) Insider Activity
The most recent transaction is an insider sale by CHO ALEX, the company’s President, Personal Systems. SEC filings show that CHO ALEX sold 173,137 shares of the company’s common stock on Jun 21 ’24 at a price of $36.11 per share for a total of $6.25 million. Following the sale, the insider now owns 64676.0 shares.
HP Inc disclosed in a document filed with the SEC on Mar 21 ’24 that BENNETT ROBERT R (Director) sold a total of 67,000 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $30.01 per share for $2.01 million. Following the transaction, the insider now directly holds 60216.0 shares of the HPQ stock.
Still, SEC filings show that on Mar 08 ’24, Liebman Stephanie (Global Controller) disposed off 8,708 shares at an average price of $30.93 for $0.27 million. The insider now directly holds 0 shares of HP Inc (HPQ).
