David Mcquarrie Sells 21,048 Shares of HP (NYSE:HPQ) Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 21,048 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Stock Performance

NYSE HPQ traded down $0.71 on Tuesday, reaching $29.09. 9,929,437 shares of the stock traded hands, compared to its average volume of 18,712,078. HP Inc. has a 12 month low of $17.56 and a 12 month high of $30.87. The company has a market cap of $26.60 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 5.07 and a beta of 1.17. The company has a fifty day moving average price of $25.01 and a 200-day moving average price of $21.76.

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 analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior 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. As a group, research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. HP’s dividend payout ratio (DPR) is 44.28%.

Wall Street Analyst Weigh In

HPQ has been the subject of several research reports. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. The Goldman Sachs Group boosted their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Citigroup increased their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Morgan Stanley lifted their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, UBS Group upped their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $23.33.

Institutional Investors Weigh In On HP

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