HP (NYSE:HPQ) Insider Sells $631,019.04 in Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 21,048 shares of HP stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Stock Performance

NYSE:HPQ opened at $31.31 on Friday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The stock has a market cap of $28.64 billion, a P/E ratio of 11.55, a P/E/G ratio of 4.94 and a beta of 1.17. The stock has a 50-day simple moving average of $25.21 and a 200-day simple moving average of $21.98.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for 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 business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The business 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 3.8%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Hedge Funds Weigh In On HP

A number of hedge funds and other institutional investors have recently bought and sold shares of HPQ. Aberdeen Wealth Management LLC acquired a new stake in shares of HP in the 2nd quarter worth $29,000. Cibc World Market Inc. acquired a new position in shares of HP during the second quarter worth about $4,021,000. OMERS ADMINISTRATION Corp purchased a new position in HP during the second quarter worth about $3,909,000. Sanctuary Advisors LLC acquired a new stake in HP in the second quarter valued at about $966,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in HP in the 2nd quarter valued at approximately $431,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target 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. TD Cowen boosted their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Barclays raised their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $23.50.

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.