HP Target of Unusually Large Options Trading (NYSE:HPQ)

HP Inc. (NYSE:HPQ) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 50,951 put options on the stock. This is an increase of 76% compared to the average volume of 28,891 put options.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HPQ. Baird Financial Group Inc. lifted its position in shares of HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after acquiring an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of HP by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after buying an additional 551 shares during the period. Daiwa Securities Group Inc. raised its position in HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares during the period. Treasurer of the State of North Carolina boosted its position in HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after acquiring an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in HP during the 2nd quarter valued at about $233,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Citigroup upped 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. Finally, The Goldman Sachs Group increased their price target on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Trading Up 6.6%

HPQ stock traded up $1.75 on Tuesday, hitting $28.30. 25,471,885 shares of the company’s stock traded hands, compared to its average volume of 18,955,514. The stock has a market cap of $25.88 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 4.34 and a beta of 1.19. HP has a 1-year low of $17.56 and a 1-year high of $29.65. The stock has a fifty day moving average of $24.40 and a 200-day moving average of $21.28.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $0.71 earnings per share. The firm’s revenue 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. On average, equities research analysts anticipate that HP will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. HP’s dividend payout ratio (DPR) is currently 44.28%.

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.