HP Inc. $HPQ Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its position in shares of HP Inc. (NYSE:HPQ) by 24.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,807 shares of the computer maker’s stock after selling 20,118 shares during the quarter. Edgestream Partners L.P.’s holdings in HP were worth $1,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in HP during the first quarter worth $25,000. Laurel Wealth Advisors LLC boosted 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 buying an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in HP in the 2nd quarter valued at about $27,000. Global Trust Asset Management LLC grew its stake in HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 1,000 shares during the last quarter. Finally, AlphaCore Capital LLC increased 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 acquiring an additional 920 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Zacks Research cut HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Barclays dropped their price target on HP from $27.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 26th. Finally, Citigroup reduced their price objective on HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.69.

HP Trading Up 0.0%

HP stock opened at $25.91 on Friday. The stock has a fifty day moving average price of $26.04 and a 200 day moving average price of $26.21. HP Inc. has a 52 week low of $21.21 and a 52 week high of $36.81. The firm has a market capitalization of $24.22 billion, a P/E ratio of 9.78, a PEG ratio of 4.85 and a beta of 1.22.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $14.64 billion for the quarter, compared to analyst estimates 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 last year, the business earned $0.93 EPS. 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, equities analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The company also recently disclosed 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 is an increase from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, December 11th. HP’s payout ratio is 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.