Key Points
- HP insider David Mcquarrie sold 10,524 shares on June 12 at an average price of $24.68, totaling about $259,732. The sale was part of a pre-arranged Rule 10b5-1 plan and reduced his holdings by 10.24%.
- HP reported stronger-than-expected quarterly results, posting EPS of $0.86 versus the $0.72 consensus estimate and revenue of $14.41 billion versus $13.99 billion expected. The company also raised FY 2026 guidance to $2.90–$3.10 EPS.
- HP declared a quarterly dividend of $0.30 per share, payable October 7 to shareholders of record on September 9. That works out to an annualized dividend yield of about 4.9%.
HP Inc. (NYSE:HPQ - Get Free Report) insider David Mcquarrie sold 10,524 shares of the company'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 transaction, the insider directly owned 92,200 shares of the company's stock, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HP Trading Down 1.3%
Shares of NYSE:HPQ opened at $24.29 on Wednesday. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 4.15 and a beta of 1.17. The company has a 50-day moving average price of $22.18 and a 200-day moving average price of $21.27. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65.
HP (NYSE:HPQ - Get Free Report) last announced 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 analysts' expectations of $13.99 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. HP's quarterly revenue 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 forecast that HP Inc. will post 2.98 EPS for the current fiscal year.
HP Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. HP's payout ratio is currently 44.28%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on HPQ shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of HP in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. The Goldman Sachs Group boosted their price target on shares of HP from $16.00 to $19.00 and gave the company a "sell" rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Two equities research 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 company. According to data from MarketBeat, HP has an average rating of "Reduce" and an average price target of $23.33.
View Our Latest Research Report on HP
Institutional Investors Weigh In On HP
A number of hedge funds and other institutional investors have recently bought and sold shares of HPQ. DNB Asset Management AS grew its holdings in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock worth $236,048,000 after purchasing an additional 7,498,202 shares during the period. Norges Bank purchased a new stake in HP in the fourth quarter worth about $149,309,000. Arrowstreet Capital Limited Partnership grew its holdings in HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker's stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the period. AQR Capital Management LLC grew its holdings in HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker's stock worth $244,527,000 after purchasing an additional 5,325,260 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in HP by 626.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker's stock worth $110,257,000 after purchasing an additional 4,267,600 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.
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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