Arrowstreet Capital Limited Partnership Sells 732,154 Shares of HP Inc. $HPQ

Arrowstreet Capital Limited Partnership trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 20.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,929,032 shares of the computer maker’s stock after selling 732,154 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.31% of HP worth $71,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. WPG Advisers LLC bought a new stake in HP in the first quarter valued at $25,000. Laurel Wealth Advisors LLC boosted its stake 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 valued at $26,000 after purchasing an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of HP in the 2nd quarter worth about $27,000. Global Trust Asset Management LLC increased its position in shares of HP by 492.6% during the 2nd 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 in the last quarter. Finally, AlphaCore Capital LLC lifted its holdings in HP by 143.5% during the 2nd quarter. AlphaCore Capital LLC now owns 1,561 shares of the computer maker’s stock valued at $39,000 after purchasing an additional 920 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value 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. The disclosure for this sale is available in the SEC filing. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. The Goldman Sachs Group lowered their target price on HP from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Citigroup cut their price target on HP from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.69.

HP Stock Up 2.8%

Shares of HP stock opened at $25.90 on Friday. The business has a fifty day simple moving average of $26.06 and a 200 day simple moving average of $26.23. The stock has a market cap of $24.21 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 4.72 and a beta of 1.22. HP Inc. has a 12 month low of $21.21 and a 12 month high of $36.81.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $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. Analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 4.6%. This is an increase from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is presently 43.77%.

HP 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.