HP (NYSE:HPQ) Insider David Mcquarrie Sells 21,048 Shares

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 21,048 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Trading Down 2.4%

Shares of NYSE:HPQ traded down $0.71 during trading on Tuesday, reaching $29.09. The company’s stock had a trading volume of 9,929,437 shares, compared to its average volume of 18,712,078. The stock has a market capitalization of $26.60 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $30.87. The firm’s 50 day simple moving average is $25.01 and its two-hundred day simple moving average is $21.76.

HP (NYSE:HPQ) last issued its quarterly earnings data 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 company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. HP’s payout ratio is currently 44.28%.

Analysts Set New Price Targets

HPQ has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. TD Cowen raised their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Barclays upped their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, HP has an average rating of “Reduce” and an average target price of $23.33.

Institutional Trading of HP

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of HP during the second quarter valued at $2,357,757,000. DNB Asset Management AS lifted its holdings in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after buying an additional 7,498,202 shares in the last quarter. Norges Bank bought a new stake in HP during the 4th quarter valued at about $149,309,000. Deutsche Bank AG purchased a new stake in HP in the 2nd quarter valued at about $140,172,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after buying an additional 5,449,691 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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.