Key Points
- HP insider David Mcquarrie sold 10,524 shares at an average price of $27.88, generating $293,409.12. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 12.89% to 71,152 shares.
- HP reported quarterly revenue of $14.41 billion and EPS of $0.86, exceeding analyst estimates, while revenue increased 9% year over year. The company guided for fiscal 2026 EPS of $2.90–$3.10.
- HP declared a quarterly dividend of $0.30 per share, equivalent to a 4.2% annualized yield. Despite institutional ownership of 77.53%, analysts maintain a consensus “Reduce” rating with an average price target of $23.33, below the stock’s reported $28.55 price.
HP Inc. (NYSE:HPQ - Get Free Report) insider David Mcquarrie sold 10,524 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $27.88, for a total transaction of $293,409.12. Following the completion of the transaction, the insider directly owned 71,152 shares of the company's stock, valued at approximately $1,983,717.76. This represents a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HP Stock Performance
HP stock opened at $28.55 on Thursday. The firm's fifty day moving average price is $24.87 and its 200-day moving average price is $21.57. The stock has a market cap of $26.11 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 4.86 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65.
HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the previous year, the firm posted $0.71 EPS. The firm's 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, analysts predict that HP Inc. will post 2.98 earnings per share for the current year.
HP Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders 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 4.2%. HP's payout ratio is 44.28%.
Institutional Trading of HP
Institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS boosted its holdings in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock valued at $236,048,000 after acquiring an additional 7,498,202 shares during the period. Norges Bank bought a new position in HP during the 4th quarter worth approximately $149,309,000. Arrowstreet Capital Limited Partnership increased its stake in HP by 186.1% in the 3rd 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 increased its stake in HP by 143.4% in the 3rd 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 lifted its position in HP by 626.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker's stock valued at $110,257,000 after purchasing an additional 4,267,600 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Morgan Stanley increased their price objective on HP from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Thursday, May 28th. Barclays boosted their target price on HP from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note 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. Finally, TD Cowen lifted their price target on shares of HP from $20.00 to $26.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, HP presently has a consensus rating of "Reduce" and an average target price of $23.33.
Read Our Latest Stock 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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