Key Points
- Ketan Patel sold 33,321 shares of HP on Dec. 26 at an average price of $23.19 for about $772,714, cutting his ownership by 49.08% to 34,572 shares (worth roughly $801,725).
- HP raised its quarterly dividend to $0.30 (annualized $1.20), yielding about 5.2%, up from $0.29; the dividend record date was Dec. 11 and the payment date is Jan. 2.
- HP reported EPS of $0.93 beating the $0.91 estimate and revenue of $14.64B (up 4.2% YoY), set FY2026 guidance of $2.90–$3.20 EPS and Q1 guidance of $0.73–$0.81, while analysts’ consensus is a Hold with an average target of $25.69.
HP Inc. (NYSE:HPQ - Get Free Report) insider Ketan Patel sold 33,321 shares of the business's stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares of the company's stock, valued at $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
HP Price Performance
HP stock opened at $22.91 on Wednesday. HP Inc. has a 12 month low of $21.21 and a 12 month high of $35.28. The company has a fifty day moving average price of $24.97 and a two-hundred day moving average price of $25.95. The company has a market cap of $21.03 billion, a PE ratio of 8.64, a P/E/G ratio of 4.26 and a beta of 1.22.
HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The company had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. During the same period last year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.
HP Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. This is a boost from HP's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 11th. HP's dividend payout ratio is currently 45.28%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Sanford C. Bernstein restated a "market perform" rating on shares of HP in a research note on Monday, December 1st. Citigroup reduced their price target on shares of HP from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, November 26th. Weiss Ratings restated a "hold (c)" rating on shares of HP in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of HP from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 26th. Finally, Argus raised shares of HP to a "strong-buy" rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, HP has a consensus rating of "Hold" and an average target price of $25.69.
View Our Latest Research Report on HPQ
Institutional Investors Weigh In On HP
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of HP by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker's stock worth $3,530,608,000 after buying an additional 3,122,436 shares in the last quarter. State Street Corp boosted its holdings in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker's stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares in the last quarter. Dodge & Cox increased its stake in shares of HP by 4.6% during the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker's stock valued at $854,718,000 after acquiring an additional 1,537,945 shares during the period. Geode Capital Management LLC raised its holdings in HP by 1.6% during the second quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker's stock worth $638,720,000 after purchasing an additional 424,544 shares in the last quarter. Finally, Invesco Ltd. lifted its position in HP by 15.9% in the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker's stock worth $321,573,000 after purchasing an additional 1,806,246 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.
About HP
(
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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