JPMorgan Chase & Co. Cuts Stake in HP Inc. $HPQ

JPMorgan Chase & Co. lessened its holdings in HP Inc. (NYSE:HPQ) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,824,877 shares of the computer maker’s stock after selling 307,435 shares during the quarter. JPMorgan Chase & Co.’s holdings in HP were worth $158,611,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Richardson Financial Services Inc. boosted its holdings in HP by 14.9% in the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after purchasing an additional 367 shares during the period. Auxano Advisors LLC boosted its stake in shares of HP by 4.4% in the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after buying an additional 391 shares during the period. IHT Wealth Management LLC grew its position 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 worth $305,000 after buying an additional 398 shares in the last quarter. AdvisorNet Financial Inc grew its position 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 buying an additional 405 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of HP by 6.4% during the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Bank of America reaffirmed an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Argus upgraded shares of HP to a “strong-buy” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. cut 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, ten have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and an average target price of $23.62.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 16,726 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the sale, the insider owned 169 shares in the company, valued at $4,196.27. This represents a 99.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Enrique Lores sold 41,922 shares of the stock in a transaction 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 sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 91,969 shares of company stock valued at $2,277,993 over the last quarter. Company insiders own 0.38% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $18.59 on Friday. The firm’s fifty day moving average price is $20.87 and its 200 day moving average price is $24.61. HP Inc. has a 12 month low of $18.12 and a 12 month high of $35.28. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.21.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. HP had a net margin of 4.57% and a negative return on equity of 330.68%. HP’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. 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, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is currently 45.28%.

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.