HP (NYSE:HPQ) Insider Ketan Patel Sells 33,321 Shares of Stock

HP Inc. (NYSE:HPQ) insider Ketan Patel sold 33,321 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the sale, the insider directly owned 34,572 shares in the company, valued at approximately $801,724.68. The trade was a 49.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

HP Price Performance

NYSE HPQ opened at $22.91 on Wednesday. The firm’s fifty day moving average price is $24.97 and its 200 day moving average price is $25.95. HP Inc. has a 12 month low of $21.21 and a 12 month high of $35.28. The company has a market capitalization of $21.03 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 4.26 and a beta of 1.22.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The firm had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. During the same period in the previous year, the company earned $0.93 earnings per share. HP’s quarterly revenue was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This is an increase from HP’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. HP’s dividend payout ratio is currently 45.28%.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of recent research reports. Bank of America decreased their price target on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Evercore ISI decreased their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating for the company in a research note on Wednesday, November 26th. TD Cowen dropped their price target on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. lowered their target price on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.69.

Institutional Investors Weigh In On HP

A number of institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of HP by 36.0% during the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after buying an additional 75,895 shares in the last quarter. LBP AM SA acquired a new position in HP during the 2nd quarter worth $7,279,000. Assenagon Asset Management S.A. increased its position in shares of HP by 3,365.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,396,782 shares of the computer maker’s stock worth $38,034,000 after purchasing an additional 1,356,479 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of HP by 6.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock valued at $7,825,000 after purchasing an additional 18,240 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of HP by 3.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock worth $10,824,000 after purchasing an additional 13,686 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

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.