David Mcquarrie Sells 10,524 Shares of HP (NYSE:HPQ) Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. The trade was a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Trading Down 4.6%

NYSE HPQ opened at $23.18 on Thursday. The business’s 50-day moving average price is $22.27 and its 200 day moving average price is $21.26. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The company has a market capitalization of $21.20 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 4.10 and a beta of 1.17.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 5.2%. HP’s dividend payout ratio is 44.28%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HPQ. Citigroup increased their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Barclays increased their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price objective on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.33.

Institutional Investors Weigh In On HP

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the period. State Street Corp raised its holdings in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after buying an additional 2,651,623 shares during the period. Geode Capital Management LLC raised its holdings in shares of HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after buying an additional 274,033 shares during the period. Invesco Ltd. raised its holdings in shares of HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after buying an additional 3,671,511 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after buying an additional 4,542,339 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.