HP (NYSE:HPQ) Insider Sells $259,732.32 in Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of HP stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Price Performance

Shares of NYSE HPQ traded down $0.31 during midday trading on Tuesday, reaching $24.29. 12,604,528 shares of the stock were exchanged, compared to its average volume of 19,710,277. The business has a 50-day simple moving average of $22.09 and a two-hundred day simple moving average of $21.26. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 4.26 and a beta of 1.16. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65.

HP (NYSE:HPQ) last announced its quarterly 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 company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s payout ratio is currently 44.28%.

Institutional Trading of HP

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after buying an additional 157,464 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of HP during the third quarter valued at about $22,601,000. PFA Pension Forsikringsaktieselskab purchased a new position in HP during the fourth quarter worth about $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after purchasing an additional 103,175 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Evercore set a $22.00 price target on shares of HP in a report on Thursday, February 19th. Wells Fargo & Company increased their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, HP currently has a consensus rating of “Reduce” and an average price target of $23.33.

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.