AustralianSuper Pty Ltd Lowers Stake in HP Inc. $HPQ

AustralianSuper Pty Ltd lowered its position in shares of HP Inc. (NYSE:HPQ) by 37.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,534,255 shares of the computer maker’s stock after selling 2,150,400 shares during the period. AustralianSuper Pty Ltd owned about 0.38% of HP worth $96,238,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC grew its position in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of HP during the second quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new position in shares of HP in the third quarter worth $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in HP by 72.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after buying an additional 512 shares during the last quarter. Finally, Corsicana & Co. purchased a new stake in HP during the 3rd quarter valued at $33,000. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPQ. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Bank of America reduced their target price on HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. TD Cowen decreased their target price on HP from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Evercore ISI cut their price target on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a report on Wednesday, November 26th. Finally, HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.77.

Insider Activity

In other news, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $26.00, for a total value 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. The trade was a 22.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,969 shares of company stock worth $2,277,993 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

HP Trading Down 1.7%

Shares of HPQ opened at $19.05 on Thursday. HP Inc. has a 1-year low of $19.01 and a 1-year high of $35.28. The firm has a fifty day simple moving average of $22.74 and a two-hundred day simple moving average of $25.32. The firm has a market cap of $17.48 billion, a PE ratio of 7.19, a P/E/G ratio of 3.64 and a beta of 1.21.

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

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. HP’s dividend payout ratio (DPR) is currently 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.