HP Inc. $HPQ Shares Sold by State Street Corp

State Street Corp reduced its position in HP Inc. (NYSE:HPQ) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,052,016 shares of the computer maker’s stock after selling 108,756 shares during the quarter. State Street Corp owned approximately 0.05% of HP worth $1,238,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of HP by 1.9% in the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after purchasing an additional 2,395,056 shares in the last quarter. Dodge & Cox lifted its holdings in HP by 4.6% during the 2nd quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after buying an additional 1,537,945 shares in the last quarter. Geode Capital Management LLC boosted its position in HP by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock valued at $638,720,000 after buying an additional 424,544 shares during the period. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 1,806,246 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock worth $277,265,000 after acquiring an additional 724,020 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In other news, insider Anneliese Olson sold 18,154 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This represents a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 41,922 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 111,084 shares of company stock valued at $2,931,884. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on HPQ shares. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Bank of America lowered their price objective on HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Citigroup cut their target price on shares of HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, HP has a consensus rating of “Hold” and a consensus price target of $25.69.

HP Price Performance

Shares of NYSE HPQ opened at $25.53 on Thursday. The business has a 50-day moving average of $25.95 and a two-hundred day moving average of $26.12. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 4.76 and a beta of 1.22. HP Inc. has a 1 year low of $21.21 and a 1 year high of $35.28.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, equities research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is presently 43.77%.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.