Insider Selling: HP (NYSE:HPQ) Insider Sells $294,461.52 in Stock

HP Inc. (NYSE:HPQGet Free Report) insider David Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total value of $294,461.52. Following the transaction, the insider owned 81,676 shares in the company, valued at approximately $2,285,294.48. This trade represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HP Price Performance

Shares of NYSE:HPQ opened at $27.32 on Friday. The stock has a market capitalization of $24.99 billion, a P/E ratio of 10.08, a P/E/G ratio of 4.60 and a beta of 1.19. The business has a 50-day moving average of $24.69 and a two-hundred day moving average of $21.41. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65.

HP (NYSE:HPQGet Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. 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 expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HPQ. Garner Asset Management Corp acquired a new stake in HP during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in HP in the 4th quarter valued at approximately $26,000. SHP Wealth Management acquired a new position in HP in the 4th quarter valued at approximately $26,000. Union Savings Bank bought a new stake in shares of HP in the 4th quarter worth approximately $28,000. Finally, DV Equities LLC bought a new stake in shares of HP in the 4th quarter worth approximately $29,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPQ. Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. UBS Group lifted 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. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $23.33.

Read Our Latest Research Report on HP

HP Company Profile

(Get Free Report)

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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