HP Inc. $HPQ Stake Reduced by Huntington National Bank

Huntington National Bank cut its holdings in HP Inc. (NYSE:HPQ) by 41.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,341 shares of the computer maker’s stock after selling 29,659 shares during the quarter. Huntington National Bank’s holdings in HP were worth $921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new stake in HP in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in HP in the fourth quarter worth about $26,000. Sound Income Strategies LLC raised its position in HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares in the last quarter. Caitlin John LLC bought a new stake in HP in the third quarter worth about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in HP in the 4th quarter worth about $32,000. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 7.8%

Shares of HPQ opened at $26.96 on Friday. The business’s 50-day moving average price is $20.59 and its 200 day moving average price is $21.14. The stock has a market capitalization of $24.66 billion, a P/E ratio of 9.95, a P/E/G ratio of 6.86 and a beta of 1.09. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.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 business posted $0.71 EPS. The business’s revenue for the quarter 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, research analysts predict that HP Inc. will post 2.87 earnings per share for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s payout ratio is 45.45%.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HPQ beat Q2 earnings and revenue expectations, showing stronger-than-expected demand in Personal Systems and healthy top-line growth. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Analysts raised price targets after the report, signaling improved confidence in HP’s near-term execution and earnings power. Why HP Stock Is Surging On Friday?
• Neutral Sentiment: Management’s earnings call pointed to AI growth opportunities, but also stressed the need to manage input costs and margin pressure carefully. HP Inc. Earnings Call Balances AI Growth And Costs
• Negative Sentiment: HP lowered its full-year outlook due to memory cost pressure and slowing unit demand, which could limit margin expansion and cap upside. HP beats Q2 estimates but trims full-year outlook on memory cost pressure
• Negative Sentiment: Bank of America and Morgan Stanley remained cautious, suggesting the quarter was strong but not yet enough to confirm a full turnaround. Bank of America sends tough message on HP stock

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HPQ. The Goldman Sachs Group dropped their price target on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $23.08.

HP Company 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.