Cibc World Market Inc. Buys New Position in HP Inc. $HPQ

Cibc World Market Inc. bought a new stake in HP Inc. (NYSE:HPQ) during the second quarter, HoldingsChannel.com reports. The fund bought 183,250 shares of the computer maker’s stock, valued at approximately $4,021,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HPQ. IHT Wealth Management LLC lifted 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 buying an additional 398 shares during the period. Vident Advisory LLC raised its holdings in HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after acquiring an additional 444 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after purchasing an additional 467 shares during the period. Vise Technologies Inc. lifted its stake in shares of HP by 2.4% during the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after purchasing an additional 477 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after purchasing an additional 491 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HPQ shares. Barclays upped their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. UBS Group boosted their target price on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Evercore set a $32.00 price target on shares of HP in a research note on Monday. Finally, Bank of America boosted their price objective on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $24.17.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by company insiders.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

HP Trading Up 3.7%

Shares of HPQ stock opened at $30.62 on Thursday. The firm has a fifty day simple moving average of $26.11 and a 200-day simple moving average of $22.63. The company has a market capitalization of $28.00 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 4.90 and a beta of 1.17. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities research analysts predict that HP Inc. will post 3.03 EPS for the current year.

HP Dividend Announcement

The business 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. HP’s dividend payout ratio (DPR) is presently 44.28%.

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.