Allstate Corp Invests $977,000 in HP Inc. $HPQ

Allstate Corp bought a new stake in HP Inc. (NYSE:HPQ) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 35,875 shares of the computer maker’s stock, valued at approximately $977,000.

Several other institutional investors also recently added to or reduced their stakes in HPQ. State of Alaska Department of Revenue grew its stake in shares of HP by 36.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after purchasing an additional 75,895 shares during the period. Railway Pension Investments Ltd raised its position in HP by 6.1% during the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock worth $43,568,000 after acquiring an additional 92,400 shares during the last quarter. LBP AM SA purchased a new stake in shares of HP in the second quarter valued at about $7,279,000. First Horizon Corp purchased a new stake in shares of HP in the third quarter valued at about $5,573,000. Finally, RWC Asset Management LLP grew its position in shares of HP by 2.0% in the third quarter. RWC Asset Management LLP now owns 5,871,898 shares of the computer maker’s stock valued at $159,892,000 after purchasing an additional 116,279 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP’s CES AI PC push is reshaping its investment story — the company is positioning for AI‑enabled PCs which could lift higher‑margin hardware and services over time. How HP’s CES AI PC Push At HP (HPQ) Has Changed Its Investment Story
• Positive Sentiment: Options flow and contrarian commentary highlight investor interest amid a resurgent PC cycle — short‑term speculative buying could create episodic upside if macro demand confirms. HP (HPQ) Options Trade Flashes Courtesy of Resurgent PC Market
• Neutral Sentiment: Valuation debate: a steep pullback and low P/E make HP look inexpensive to some investors, but the multiple also reflects skepticism about durable earnings growth. Assessing HP (HPQ) Valuation After A Steep Pullback And Low P/E Signal
• Neutral Sentiment: Competitive pressure from Apple’s Mac momentum and rising memory costs create a mixed outlook: product innovation helps some players while component inflation squeezes margins for PC OEMs. Apple vs HP: Who Gains as AI PCs Rise and Memory Costs Surge?
• Negative Sentiment: Barclays downgraded HP to Underweight and cut its target to $18, signaling fresh analyst skepticism and adding downward pressure. Barclays Downgrades HP Inc. (HPQ) to Underweight, Cuts Target to $18
• Negative Sentiment: Citigroup trimmed its price target (from $25 to $22) and other analysts followed with cautious notes, contributing to negative sentiment and technical selling. Citigroup lowers HP price target to $22 (TickerReport)
• Negative Sentiment: Shares have fallen for multiple consecutive sessions and reached a 12‑month low after recent downgrades, amplifying momentum losses and higher trading volume on the selloff. HP shares fell for seven consecutive sessions HP Reaches New 12-Month Low After Analyst Downgrade
• Negative Sentiment: Market commentary notes the stock decline despite a broader market uptick — signaling stock‑specific weakness rather than sector‑wide pressure. HP (HPQ) Stock Falls Amid Market Uptick: What Investors Need to Know

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPQ. Barclays restated an “underweight” rating and set a $18.00 price objective (down from $24.00) on shares of HP in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a report on Monday, December 1st. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.77.

HP Stock Down 1.4%

NYSE:HPQ opened at $19.53 on Thursday. The company has a market cap of $17.93 billion, a P/E ratio of 7.37, a P/E/G ratio of 3.71 and a beta of 1.21. The firm’s 50 day moving average is $23.15 and its two-hundred day moving average is $25.53. HP Inc. has a fifty-two week low of $19.27 and a fifty-two week high of $35.28.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $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. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is 45.28%.

Insider Activity

In related news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction 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 owned 169 shares in the company, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Enrique Lores sold 41,922 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the sale, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This trade represents a 22.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 110,123 shares of company stock valued at $2,784,126. Company insiders own 0.38% of the company’s stock.

About HP

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.