Conning Inc. Sells 212,557 Shares of HP Inc. $HPQ

Conning Inc. lowered its position in shares of HP Inc. (NYSE:HPQ) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,123,250 shares of the computer maker’s stock after selling 212,557 shares during the quarter. Conning Inc. owned 0.12% of HP worth $30,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its position in HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in HP during the second quarter valued at about $27,000. Global Trust Asset Management LLC raised its position 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 during the period. Cary Street Partners Investment Advisory LLC boosted its stake in HP by 72.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after acquiring an additional 512 shares during the last quarter. Finally, Corsicana & Co. bought a new position in shares of HP during the 3rd quarter valued at approximately $33,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of HPQ opened at $20.76 on Thursday. HP Inc. has a 52-week low of $20.65 and a 52-week high of $35.28. The stock’s 50-day simple moving average is $23.69 and its 200 day simple moving average is $25.72. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21.

HP (NYSE:HPQ) last posted its 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. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business had revenue of $14.64 billion during the quarter, compared to analyst estimates of $14.50 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. On average, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 5.8%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio is currently 45.28%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. HSBC set a $30.00 price objective on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Sanford C. Bernstein reiterated a “market perform” rating on shares of HP in a research note on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Evercore ISI reduced 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. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.46.

Insider Buying and Selling at HP

In related news, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the insider owned 169 shares in the company, 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. Insiders sold a total of 110,123 shares of company stock valued at $2,784,126 in the last three months. Company insiders own 0.38% of the company’s stock.

HP 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.