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

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 21,048 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Stock Performance

Shares of HPQ opened at $29.09 on Wednesday. The stock has a market capitalization of $26.60 billion, a PE ratio of 10.73, a P/E/G ratio of 5.03 and a beta of 1.17. The company’s fifty day moving average is $25.05 and its 200 day moving average is $21.83. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $30.87.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 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 business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the business earned $0.71 earnings per share. HP’s quarterly revenue 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. As a group, research analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued 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 dividend yield of 4.1%. HP’s dividend payout ratio (DPR) is presently 44.28%.

Analysts Set New Price Targets

Several brokerages have weighed in on HPQ. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Citigroup raised their price objective on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, JPMorgan Chase & Co. increased 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. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $23.33.

Hedge Funds Weigh In On HP

Hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in shares of HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after buying an additional 13,265 shares during the period. Gamco Investors INC. ET AL grew its position in HP by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after acquiring an additional 551 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in 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 purchasing an additional 8,779 shares during the period. Treasurer of the State of North Carolina boosted its stake in shares of HP by 70.5% during 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 bought a new position in shares of HP in the second quarter worth about $233,000. 77.53% of the stock is currently owned by institutional investors.

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.