Groupe la Francaise Sells 30,852 Shares of HP Inc. $HPQ

Groupe la Francaise lowered its holdings in HP Inc. (NYSE:HPQ) by 15.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,607 shares of the computer maker’s stock after selling 30,852 shares during the quarter. Groupe la Francaise’s holdings in HP were worth $3,787,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of HP in the second quarter valued at approximately $2,357,757,000. California State Teachers Retirement System raised its position in shares of HP by 2,151.8% during the second quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker’s stock worth $780,272,000 after acquiring an additional 33,984,527 shares during the last quarter. Primecap Management Co. CA acquired a new position in HP during the 2nd quarter valued at about $545,984,000. Legal & General Group Plc acquired a new stake in HP during the 2nd quarter worth $180,689,000. Finally, DNB Asset Management AS boosted its stake in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after acquiring an additional 7,498,202 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. UBS Group lifted their price target on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Barclays upped their price objective on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Bank of America reaffirmed an “underperform” rating on shares of HP in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $25.17.

HP Trading Up 0.1%

NYSE HPQ opened at $32.66 on Tuesday. The company has a 50 day moving average of $27.41 and a 200-day moving average of $23.31. The company has a market cap of $29.45 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.70 and a beta of 1.18. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.78.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the firm posted $0.75 EPS. HP’s quarterly revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts forecast that HP Inc. will post 3.23 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 45.80%.

Insider Buying and Selling at HP

In related news, insider David McQuarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 worth $1,478,622. 0.18% of the stock is owned by corporate insiders.

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.