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

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 71,152 shares in the company, valued at approximately $1,983,717.76. This represents a 12.89% 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 Trading Down 0.9%

NYSE:HPQ opened at $28.26 on Friday. The stock has a market capitalization of $25.84 billion, a PE ratio of 10.43, a P/E/G ratio of 4.81 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The firm has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $21.62.

HP (NYSE:HPQ) last posted its quarterly 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. 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 analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in HP by 1.9% in 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 acquiring an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in 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 worth $45,063,000 after purchasing an additional 157,464 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of HP in the 4th quarter valued at $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 purchasing an additional 103,175 shares in the last quarter. Finally, BNP Paribas increased its stake in shares of HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after purchasing an additional 128,296 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of a number of recent analyst reports. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley raised their price objective on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. UBS Group lifted their target price on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Citigroup boosted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, TD Cowen increased their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $23.33.

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.