Insider Trading Report: HP Inc (HPQ)

Bruce Broussard, a director at HP Inc (HPQ), recently added 6,810 shares. The buy increased his holdings by 131 percent, and came to a total price of just under $250,000.

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  • This marks the first insider buy at the company going back to June 2020. Other company insiders, including C-suite executives and directors, have otherwise been regular sellers of shares in the past few years.

    Insiders own just under 0.2 percent of outstanding shares.

    The imaging and printing technology company has seen its shares rise just slightly less than that of the S&P 500 over the past year, with most of that gain occurring in the last six months. Earnings barely grew with a 2 percent gain, and revenue increased a scant 9 percent. However, shares do trade at under 10 times current and forward earnings.

    Action to take: Shares are relatively inexpensive, and the company just increased its dividend to a full $1.00 per share, for a 2.8 percent starting yield. Given the low payout ratio, the dividend can likely increase in time. Improving business conditions should lead to a bigger rally in shares.

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  • For traders, the June $37 calls are an at-the-money trade. Last going for about $2.25, they offer traders mid-to-high double-digit returns, especially if shares continue their rally of the past few weeks.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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