Insider Selling: HP (NYSE:HPQ) Insider Sells $293,409.12 in Stock

HP Inc. (NYSE:HPQ) insider David Mcquarrie sold 10,524 shares of HP stock in a transaction dated 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 directly owned 71,152 shares of the company’s stock, valued at $1,983,717.76. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Price Performance

Shares of HPQ traded down $0.27 during mid-day trading on Wednesday, reaching $28.55. The company’s stock had a trading volume of 14,543,657 shares, compared to its average volume of 18,833,699. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The stock has a market cap of $26.11 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 4.58 and a beta of 1.17. The company’s 50 day moving average is $24.87 and its 200 day moving average is $21.57.

HP (NYSE:HPQ) last posted its earnings results 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. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, sell-side analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC lifted its position in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 398 shares during the period. Vident Advisory LLC lifted its holdings in shares of HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after buying an additional 444 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HP by 10.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after buying an additional 467 shares in the last quarter. Vise Technologies Inc. grew its holdings in HP by 2.4% during the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after acquiring an additional 477 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in HP by 0.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after acquiring an additional 491 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. UBS Group upped their price objective on 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 increased their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Finally, TD Cowen lifted their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, HP has a consensus rating of “Reduce” and an average target price 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.