Bank of New York Mellon Corp Acquires 517,421 Shares of HP Inc. $HPQ

Bank of New York Mellon Corp boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,838,670 shares of the computer maker’s stock after purchasing an additional 517,421 shares during the period. Bank of New York Mellon Corp owned about 0.73% of HP worth $186,217,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC lifted its position in shares of 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 buying an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in HP during the second quarter worth $27,000. Westfuller Advisors LLC bought a new position in shares of HP during the third quarter valued at $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of HP by 72.3% in 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 purchasing an additional 512 shares in the last quarter. Finally, Corsicana & Co. bought a new stake in shares of HP in the 3rd quarter worth about $33,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

Shares of HP stock opened at $19.43 on Friday. The firm has a 50 day simple moving average of $22.59 and a 200 day simple moving average of $25.24. HP Inc. has a fifty-two week low of $18.93 and a fifty-two week high of $35.28. The firm has a market cap of $17.84 billion, a P/E ratio of 7.33, a P/E/G ratio of 3.60 and a beta of 1.21.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion for 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% compared to the same quarter last year. During the same quarter in the prior 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. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HPQ shares. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. HSBC set a $30.00 price target on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Barclays reiterated an “underweight” rating and issued a $18.00 price objective (down previously from $24.00) on shares of HP in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, HP currently has an average rating of “Hold” and an average price target of $24.77.

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of the company’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 directly owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at $4,196.27. This trade represents a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 91,969 shares of company stock valued at $2,277,993. 0.38% of the stock is currently owned by insiders.

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.