Caprock Group LLC Purchases Shares of 67,390 HP Inc. $HPQ

Caprock Group LLC acquired a new stake in HP Inc. (NYSE:HPQ) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 67,390 shares of the computer maker’s stock, valued at approximately $1,923,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC grew its stake in shares of 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 purchased a new stake in HP in the 2nd quarter worth approximately $27,000. Westfuller Advisors LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of HP by 72.3% during 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 buying an additional 512 shares during the period. Finally, Corsicana & Co. purchased a new position in shares of HP during the third quarter valued at approximately $33,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HPQ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Argus raised shares of HP to a “strong-buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley reduced their price target on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price objective on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Finally, Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, HP has a consensus rating of “Reduce” and a consensus price target of $24.31.

HP Stock Performance

Shares of NYSE HPQ opened at $19.25 on Friday. The company has a 50 day simple moving average of $21.53 and a two-hundred day simple moving average of $24.84. HP Inc. has a fifty-two week low of $18.26 and a fifty-two week high of $35.28. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.29 and a beta of 1.21.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping 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 firm had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter 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, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. 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 currently 45.28%.

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Lores sold 41,922 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 141,456 shares in the company, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 91,969 shares of company stock valued at $2,277,993. 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.