Insider Selling: HP (NYSE:HPQ) Insider Sells $293,409.12 in Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $27.88, for a total transaction of $293,409.12. Following the sale, the insider owned 71,152 shares of the company’s stock, valued at $1,983,717.76. This trade represents a 12.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Stock Up 6.5%

HPQ opened at $30.02 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $30.06. The company’s 50-day moving average price is $25.00 and its two-hundred day moving average price is $21.68. The stock has a market cap of $27.45 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 4.75 and a beta of 1.17.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.99 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. HP’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. As a group, sell-side analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business also recently declared 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 is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. HP’s dividend payout ratio is currently 44.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HPQ shares. Wells Fargo & Company raised their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Citigroup upped their target price on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. UBS Group raised their price target on shares of HP from $20.00 to $26.00 and gave the company a “neutral” 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 stock an “underweight” rating in a report on Thursday, May 28th. Two research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $23.33.

Institutional Investors Weigh In On HP

A number of large investors have recently added to or reduced their stakes in HPQ. Meeder Advisory Services Inc. bought a new stake in HP during the second quarter worth about $341,000. Meeder Asset Management Inc. bought a new position in shares of HP during the 2nd quarter valued at about $566,000. Citizens Financial Group Inc. RI purchased a new position in shares of HP during the 2nd quarter valued at about $626,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in HP in the 2nd quarter worth approximately $370,000. Finally, Auxano Advisors LLC purchased a new stake in HP in the second quarter worth approximately $250,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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.