HP (NYSE:HPQ) Insider Sells $259,732.32 in Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the sale, the insider owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a 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 Up 1.4%

NYSE:HPQ opened at $23.49 on Friday. The firm has a 50-day moving average price of $22.36 and a two-hundred day moving average price of $21.25. 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 $21.48 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 3.91 and a beta of 1.17.

HP (NYSE:HPQ) last announced 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 net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’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. On average, equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Institutional Trading of HP

Hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. increased its stake in shares of HP by 13.1% during 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 during 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 acquiring an additional 551 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after acquiring an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after purchasing an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC purchased a new stake in HP in the second quarter valued at approximately $233,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPQ. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Citigroup lifted their price objective on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company raised 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. Finally, Evercore set a $22.00 price target on shares of HP in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $23.33.

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.