Sen. John Boozman Sells Off Shares of HP Inc. (NYSE:HPQ)

Posted by Defense World Staff on Feb 11th, 2025

Senator John Boozman (R-Arkansas) recently sold shares of HP Inc. (NYSE:HPQ). In a filing disclosed on February 08th, the Senator disclosed that they had sold between $1,001 and $15,000 in HP stock on January 28th.

Senator John Boozman also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) on 1/28/2025.
Purchased $1,001 – $15,000 in shares of NRG Energy (NYSE:NRG) on 1/28/2025.
Purchased $1,001 – $15,000 in shares of Invesco Short Term Treasury ETF (NYSEARCA:TBLL) on 1/28/2025.
Sold $1,001 – $15,000 in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on 1/16/2025.
Purchased $1,001 – $15,000 in shares of Invesco Short Term Treasury ETF (NYSEARCA:TBLL) on 1/16/2025.
Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 1/14/2025.
Sold $1,001 – $15,000 in shares of Cisco Systems (NASDAQ:CSCO) on 1/14/2025.
Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/14/2025.
Purchased $1,001 – $15,000 in shares of Mastercard (NYSE:MA) on 1/14/2025.
Sold $1,001 – $15,000 in shares of Invesco QQQ (NASDAQ:QQQ) on 1/14/2025.

HP Price Performance

HP stock opened at $32.83 on Tuesday. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The business’s fifty day moving average is $33.49 and its 200 day moving average is $34.92. The stock has a market capitalization of $30.79 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is currently 41.28%.

Insider Activity at HP

In other news, insider Kristen M. Ludgate sold 74,356 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the sale, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,933,898.67. This represents a 56.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Barclays upped their target price on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. TD Cowen lifted their price target on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. cut their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Finally, HSBC cut HP from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, HP has a consensus rating of “Hold” and an average target price of $36.23.

Read Our Latest Stock Report on HPQ

Institutional Trading of HP

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC bought a new position in shares of HP during the 3rd quarter valued at about $25,000. Synergy Asset Management LLC bought a new position in HP during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in HP during the 4th quarter valued at approximately $31,000. Wolff Wiese Magana LLC raised its holdings in shares of HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of HP during the 3rd quarter valued at approximately $37,000. Institutional investors own 77.53% of the company’s stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

HP Company Profile

(Get Free Report)

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.