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 completion of the transaction, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Trading Up 0.4%

NYSE HPQ opened at $29.19 on Thursday. The stock has a 50-day simple moving average of $25.11 and a 200 day simple moving average of $21.90. The company has a market capitalization of $26.69 billion, a PE ratio of 10.77, a P/E/G ratio of 4.90 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $30.87.

HP (NYSE:HPQ) last issued its 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 firm had revenue of $14.41 billion for 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 company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last 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 predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.1%. HP’s dividend payout ratio (DPR) is presently 44.28%.

Institutional Investors Weigh In On HP

Several large investors have recently made changes to their positions in HPQ. Garner Asset Management Corp bought a new position in HP during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of HP during the fourth quarter worth about $26,000. SHP Wealth Management bought a new position in shares of HP during the fourth quarter worth about $26,000. Sound Income Strategies LLC raised its position in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after buying an additional 646 shares during the last quarter. Finally, Union Savings Bank bought a new stake in HP in the 4th quarter valued at approximately $28,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen upped their target price on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Morgan Stanley boosted their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $23.50.

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.