HP Inc. (NYSE:HPQ – Get Free Report) insider David Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HP Stock Performance
HPQ traded down $0.31 during midday trading on Tuesday, reaching $24.29. The company had a trading volume of 12,604,528 shares, compared to its average volume of 19,710,277. The stock has a market cap of $22.21 billion, a PE ratio of 8.96, a P/E/G ratio of 4.26 and a beta of 1.16. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The business has a 50-day moving average price of $22.09 and a two-hundred day moving average price of $21.26.
HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous 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, research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.
HP Dividend Announcement
Analyst Ratings Changes
A number of analysts recently weighed in on HPQ shares. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company boosted their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Barclays upped their price objective on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Finally, Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $23.33.
Get Our Latest Stock Report on HP
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of HP by 1.9% in the 4th 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. State Street Corp increased its stake in shares of HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after acquiring an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC increased its stake in HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Invesco Ltd. increased its stake in HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after purchasing an additional 4,542,339 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.
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.
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