Harbor Island Capital LLC Lowers Holdings in HP Inc. $HPQ

Harbor Island Capital LLC cut its holdings in shares of HP Inc. (NYSE:HPQ) by 16.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 295,406 shares of the computer maker’s stock after selling 56,782 shares during the period. HP makes up about 3.4% of Harbor Island Capital LLC’s portfolio, making the stock its 13th largest holding. Harbor Island Capital LLC’s holdings in HP were worth $8,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Norges Bank purchased a new stake in shares of HP in the second quarter valued at about $91,698,000. Qube Research & Technologies Ltd acquired a new stake in shares of HP in the second quarter valued at $74,385,000. Vanguard Group Inc. raised its holdings in HP by 1.9% in the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after acquiring an additional 2,395,056 shares in the last quarter. First Trust Advisors LP lifted its stake in HP by 93.9% in the second quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock worth $119,226,000 after acquiring an additional 2,360,678 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in HP by 76.2% during the 2nd quarter. Schroder Investment Management Group now owns 4,662,544 shares of the computer maker’s stock worth $114,046,000 after acquiring an additional 2,016,756 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the transaction, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the transaction, the insider owned 169 shares in the company, valued at $4,196.27. This represents a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 110,123 shares of company stock valued at $2,784,126. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Evercore ISI lowered their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating for the company in a research note on Wednesday, November 26th. HSBC set a $30.00 price target on shares of HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Bank of America decreased their price objective on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Morgan Stanley cut their target price on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. Finally, TD Cowen decreased their price target on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, HP has an average rating of “Hold” and an average target price of $25.69.

HP Trading Down 0.7%

Shares of HPQ stock opened at $22.13 on Monday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $35.28. The business’s 50 day moving average is $24.64 and its two-hundred day moving average is $25.90. The company has a market capitalization of $20.31 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 4.15 and a beta of 1.21.

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 business had revenue of $14.64 billion during 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 business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business 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, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from HP’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, December 11th. HP’s payout ratio is presently 45.28%.

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.