HP (NYSE:HPQ) Insider David Mcquarrie Sells 10,524 Shares

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total value of $294,461.52. Following the completion of the sale, the insider owned 81,676 shares of the company’s stock, valued at $2,285,294.48. This represents a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Trading Down 5.2%

Shares of HPQ opened at $26.93 on Friday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65. The stock has a market cap of $24.63 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 4.79 and a beta of 1.19. The stock’s 50-day moving average price is $24.64 and its two-hundred day moving average price is $21.37.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Morgan Stanley raised 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. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, JPMorgan Chase & Co. boosted their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, HP presently has a consensus rating of “Reduce” and an average price target of $23.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Garner Asset Management Corp acquired a new stake in shares of HP during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new position in HP in the 4th quarter worth $26,000. SHP Wealth Management bought a new position in HP during the 4th quarter worth about $26,000. Sound Income Strategies LLC raised its stake in shares of HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares during the period. Finally, Union Savings Bank acquired a new stake in shares of HP in the 4th quarter valued at about $28,000. Institutional investors and hedge funds 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.