Key Points
- HP insider David Mcquarrie sold 21,048 shares at an average price of $29.98, worth approximately $631,019. The Rule 10b5-1 transaction reduced his holdings by 34.72% to 39,580 shares.
- HP reported quarterly EPS of $0.86, beating estimates by $0.14, while revenue rose 9% year over year to $14.41 billion. The company also maintained fiscal 2026 EPS guidance of $2.90–$3.10.
- HP declared a quarterly dividend of $0.30, equivalent to a 4.1% annual yield. Analysts maintain a consensus “Reduce” rating, with an average price target of $23.33.
HP Inc. (NYSE:HPQ - Get Free Report) insider David Mcquarrie sold 21,048 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares of the company's stock, valued at $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HP Stock Down 2.4%
Shares of NYSE:HPQ opened at $29.09 on Wednesday. The business's 50 day moving average is $25.05 and its 200 day moving average is $21.83. The stock has a market cap of $26.60 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 5.03 and a beta of 1.17. HP Inc. has a 52-week low of $17.56 and a 52-week high of $30.87.
HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share 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 during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the company posted $0.71 EPS. HP's 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. On average, sell-side analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.
HP Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 9th. HP's payout ratio is presently 44.28%.
Analyst Upgrades and Downgrades
HPQ has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of HP from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 6th. TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Morgan Stanley increased their price objective on shares of HP from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. Finally, Citigroup lifted their price objective on shares of HP from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, HP has a consensus rating of "Reduce" and an average target price of $23.33.
Read Our Latest Stock Analysis on HPQ
Institutional Trading of HP
Institutional investors have recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of HP in the 2nd quarter worth approximately $7,027,000. Burnham & Co LLC bought a new position in shares of HP during the 2nd quarter worth approximately $52,000. Heron Bay Capital Management purchased a new stake in HP during the second quarter valued at approximately $1,493,000. Callan Family Office LLC purchased a new stake in HP during the second quarter valued at approximately $3,029,000. Finally, Allworth Financial LP acquired a new stake in HP in the second quarter valued at approximately $1,485,000. 77.53% of the stock is currently owned by institutional investors.
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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