Foster & Motley Inc. Has $5.65 Million Position in HP Inc. $HPQ

Foster & Motley Inc. cut its position in shares of HP Inc. (NYSE:HPQFree Report) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,530 shares of the computer maker’s stock after selling 37,210 shares during the quarter. Foster & Motley Inc.’s holdings in HP were worth $5,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its position in shares of HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of HP in the second quarter valued at $27,000. Global Trust Asset Management LLC lifted its position in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after buying an additional 512 shares in the last quarter. Finally, Corsicana & Co. bought a new stake in HP in the 3rd quarter valued at $33,000. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of HP from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Bank of America decreased their price objective on HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Citigroup lowered 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. HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. decreased their price target on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, HP has an average rating of “Hold” and an average price target of $25.69.

Get Our Latest Stock Report on HPQ

HP Trading Down 4.8%

NYSE:HPQ opened at $21.09 on Thursday. The stock has a market capitalization of $19.36 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 4.15 and a beta of 1.21. HP Inc. has a 1 year low of $20.93 and a 1 year high of $35.28. The firm has a 50 day moving average of $24.27 and a 200-day moving average of $25.84.

HP (NYSE:HPQGet Free Report) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 330.68% and a net margin of 4.57%.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 company earned $0.93 EPS. HP’s revenue for the quarter 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. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were issued a $0.30 dividend. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Thursday, December 11th. HP’s dividend payout ratio (DPR) is presently 45.28%.

More HP News

Here are the key news stories impacting HP this week:

Insider Buying and Selling

In other HP news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares in the company, valued at $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 110,123 shares of company stock worth $2,784,126 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

HP Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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