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

HP Inc. (NYSE:HPQ) saw unusually large options trading activity on Friday. Traders acquired 47,622 put options on the stock. This represents an increase of 55% compared to the average volume of 30,733 put options.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. UBS Group boosted their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Bank of America raised their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Finally, Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, HP has an average rating of “Reduce” and a consensus target price of $23.50.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last quarter. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On HP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in HP during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP during the 4th quarter worth approximately $26,000. SHP Wealth Management acquired a new stake in shares of HP in the fourth quarter valued at approximately $26,000. Union Savings Bank bought a new stake in shares of HP in the fourth quarter worth $28,000. Finally, DV Equities LLC bought a new stake in shares of HP in the fourth quarter worth $29,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Down 3.8%

Shares of NYSE:HPQ opened at $30.13 on Friday. HP has a 12 month low of $17.56 and a 12 month high of $32.19. The company’s fifty day simple moving average is $25.30 and its 200 day simple moving average is $22.04. The firm has a market cap of $27.55 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 5.28 and a beta of 1.17.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts expect that HP will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio 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.