Rockland Trust Co. Boosts Holdings in HP Inc. $HPQ

Rockland Trust Co. raised its position in HP Inc. (NYSE:HPQ) by 29.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 363,947 shares of the computer maker’s stock after buying an additional 81,738 shares during the quarter. Rockland Trust Co.’s holdings in HP were worth $7,985,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. State Street Corp lifted its position in HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. Geode Capital Management LLC boosted its holdings in HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Invesco Ltd. boosted its holdings in HP by 31.7% in the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after purchasing an additional 4,542,339 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction 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 owned 71,152 shares of the company’s stock, valued at $1,983,717.76. The trade was a 12.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 31,572 shares of company stock worth $847,603. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HPQ. The Goldman Sachs Group increased their target price on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Citigroup upped their price objective on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Barclays increased their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, UBS Group upped their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $23.33.

HP Trading Up 6.5%

HPQ stock opened at $30.02 on Friday. The firm has a 50 day moving average of $25.00 and a 200-day moving average of $21.68. The company has a market cap of $27.45 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 4.75 and a beta of 1.17. HP Inc. has a 12-month low of $17.56 and a 12-month high of $30.06.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP’s dividend payout ratio (DPR) is currently 44.28%.

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.