State of Alaska Department of Revenue Has $6.90 Million Position in HP Inc. $HPQ

State of Alaska Department of Revenue trimmed its position in shares of HP Inc. (NYSE:HPQ) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,569 shares of the computer maker’s stock after selling 33,191 shares during the quarter. State of Alaska Department of Revenue’s holdings in HP were worth $6,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Financial Group LLC boosted its position in HP by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after buying an additional 390 shares during the period. IHT Wealth Management LLC raised its stake in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 398 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of HP by 42.9% during the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after purchasing an additional 405 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of HP by 6.4% in the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after purchasing an additional 410 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 0.2%

Shares of HPQ stock opened at $21.44 on Friday. The firm has a 50 day moving average of $24.02 and a 200-day moving average of $25.80. The company has a market cap of $19.68 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 4.02 and a beta of 1.21. HP Inc. has a 52 week low of $20.65 and a 52 week high of $35.28.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The business had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. HP’s revenue 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. Analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 5.6%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is 45.28%.

Insider Activity at HP

In other news, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 141,456 shares in the company, valued at $3,677,856. The trade was a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider directly owned 34,572 shares in the company, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 110,123 shares of company stock valued at $2,784,126 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Citigroup cut their price objective on HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. TD Cowen dropped their price target on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Finally, Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, HP presently has an average rating of “Hold” and an average target price of $25.69.

HP Profile

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.