filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Our common stock is traded on the New York Stock Exchange under the symbol HPQ.
For information about dividends, see Item 6, “Selected Financial Data” and Note 12, “Stockholders’ Deficit” to the Consolidated Financial Statements in Item 8.
As of November 30, 2018, there were approximately 60,224 stockholders of record.
Recent Sales of Unregistered Securities
There were no unregistered sales of equity securities in fiscal year 2018.
Issuer Purchases of Equity Securities
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs | |||||||||
| In thousands, except per share amounts | ||||||||||||
| Period | ||||||||||||
| August 2018 | 6,378 | $ | 23.94 | 6,378 | $ | 4,348,890 | ||||||
| September 2018 | 7,195 | $ | 25.13 | 7,195 | $ | 4,168,038 | ||||||
| October 2018 | 10,875 | $ | 24.36 | 10,875 | $ | 3,903,189 | ||||||
| Total | 24,448 | 24,448 |
On October 10, 2016, the Board authorized $3.0 billion for future repurchases of HP’s outstanding shares of common stock. On June 19, 2018, HP’s Board of Directors authorized an additional $4.0 billion for future repurchases of its outstanding shares of common stock. This program, which does not have a specific expiration date, authorizes repurchases in the open market or in private transactions. HP intends to use repurchases from time to time to offset the dilution created by shares issued under employee stock plans and to repurchase shares opportunistically. All share repurchases settled in the fourth quarter of fiscal year 2018 were open market transactions. As of October 31, 2018, HP had approximately $3.9 billion remaining under repurchase authorization.
Stock Performance Graph and Cumulative Total Return
The graph below shows the cumulative total stockholder return assuming the investment of $100 at the market close on October 31, 2013 (and the reinvestment of dividends thereafter) in each of HP common stock, the S&P 500 Index, and the S&P Information Technology Index. The comparisons in the graph below are based on historical data and are not indicative of, or intended to forecast, future performance of our common stock.
| 10/13 | 10/14 | 10/15 | 10/16 | 10/17 | 10/18 | ||||||||||||||||||
| HP Inc.(1) | $ | 100.00 | $ | 150.08 | $ | 115.15 | $ | 141.74 | $ | 217.27 | $ | 249.30 | |||||||||||
| S&P 500 Index | $ | 100.00 | $ | 117.26 | $ | 123.35 | $ | 128.90 | $ | 159.35 | $ | 171.04 | |||||||||||
| S&P Information Technology Index | $ | 100.00 | $ | 125.70 | $ | 139.76 | $ | 154.89 | $ | 215.24 | $ | 241.72 |
(1) Historical stock prices of HP Inc. prior to the Separation, which occurred on November 1, 2015, have been adjusted to reflect the impact of the Separation. The adjustment was established using the conversion ratio based on the market value of stock on the Separation close at October 31, 2015.
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