Coldstream Capital Management Inc. raised its stake in HP Inc. (NYSE:HPQ – Free Report) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,625 shares of the computer maker’s stock after purchasing an additional 2,165 shares during the period. Coldstream Capital Management Inc.’s holdings in HP were worth $431,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in HPQ. WPG Advisers LLC acquired a new stake in shares of HP in the 1st quarter valued at about $25,000. Global Trust Asset Management LLC boosted its holdings 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 acquiring an additional 1,000 shares in the last quarter. AlphaCore Capital LLC grew its stake in HP by 143.5% in the second quarter. AlphaCore Capital LLC now owns 1,561 shares of the computer maker’s stock valued at $39,000 after acquiring an additional 920 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of HP during the first quarter valued at approximately $45,000. Finally, Quaker Wealth Management LLC increased its holdings in shares of HP by 203.9% during the second quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock valued at $41,000 after acquiring an additional 3,320 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.
Insider Transactions at HP
In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. This represents a 99.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by insiders.
HP Stock Performance
HP (NYSE:HPQ – Get Free Report) last released its earnings results 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 analyst estimates of $14.50 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS. 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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is presently 43.40%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Evercore ISI reduced their price target on shares of HP from $29.00 to $25.00 and set an “in-line” rating for the company in a research report on Wednesday. Barclays dropped their price objective on shares of HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered their target price on shares of HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, UBS Group set a $24.00 price target on HP in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.69.
HP Company Profile
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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