HP (NYSE:HPQ) Insider Sells $772,713.99 in Stock

HP Inc. (NYSE:HPQ) insider Ketan Patel sold 33,321 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the transaction, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

HP Price Performance

Shares of HPQ traded up $0.18 during mid-day trading on Tuesday, reaching $22.91. The company had a trading volume of 10,640,920 shares, compared to its average volume of 11,789,096. The company has a market capitalization of $21.03 billion, a P/E ratio of 8.64, a P/E/G ratio of 4.26 and a beta of 1.22. HP Inc. has a twelve month low of $21.21 and a twelve month high of $35.28. The company’s 50-day moving average is $25.07 and its 200-day moving average is $25.95.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio is 45.28%.

Institutional Trading of HP

Large investors have recently added to or reduced their stakes in the company. AIA Group Ltd increased its stake in shares of HP by 124.9% during the 3rd quarter. AIA Group Ltd now owns 128,993 shares of the computer maker’s stock worth $3,512,000 after purchasing an additional 71,634 shares during the last quarter. FNY Investment Advisers LLC bought a new position in HP during the third quarter worth about $136,000. Allworth Financial LP increased its position in HP by 18.5% during the third quarter. Allworth Financial LP now owns 51,239 shares of the computer maker’s stock worth $1,395,000 after buying an additional 8,008 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in HP by 4.2% in the third quarter. Swiss Life Asset Management Ltd now owns 829,618 shares of the computer maker’s stock valued at $22,590,000 after buying an additional 33,460 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of HP in the third quarter valued at approximately $610,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPQ. Citigroup lowered their price target on shares of HP from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group dropped their price objective on HP from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.69.

About HP

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.