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

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of HP stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.98, for a total transaction 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 trade represents a 11.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Stock Up 1.7%

Shares of NYSE:HPQ opened at $27.32 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The company’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $21.41. The firm has a market cap of $24.99 billion, a PE ratio of 10.08, a PEG ratio of 4.53 and a beta of 1.19.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. 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, research analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HPQ shares. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Citigroup increased their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company raised their target price on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Two equities research 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’s stock. Based on data from MarketBeat.com, HP has a consensus rating of “Reduce” and an average target price of $23.33.

Institutional Trading of HP

Several large investors have recently bought and sold shares of the business. IHT Wealth Management LLC grew its position in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 398 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after acquiring an additional 444 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of HP by 10.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after acquiring an additional 467 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of HP by 2.4% in the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of HP by 0.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock valued at $1,772,000 after purchasing an additional 491 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Company Profile

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.