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

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $27.88, for a total value of $293,409.12. Following the completion of the sale, the insider directly owned 71,152 shares of the company’s stock, valued at $1,983,717.76. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Price Performance

Shares of NYSE HPQ opened at $28.55 on Thursday. HP Inc. has a one year low of $17.56 and a one year high of $29.65. The business’s fifty day moving average price is $24.87 and its 200-day moving average price is $21.57. The stock has a market capitalization of $26.11 billion, a PE ratio of 10.53, a P/E/G ratio of 4.86 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings data 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. 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 expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. HP’s dividend payout ratio (DPR) is presently 44.28%.

Analyst Ratings Changes

A number of brokerages recently commented on HPQ. UBS Group upped their price target on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America boosted their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, TD Cowen raised their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $23.33.

Hedge Funds Weigh In On HP

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of HP in the 4th quarter valued at about $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of HP by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after acquiring an additional 103,175 shares in the last quarter. Finally, BNP Paribas boosted its position in shares of HP by 8,978.0% during the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after acquiring an additional 128,296 shares during the last quarter. Hedge funds and other institutional investors 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.