First Trust Advisors LP Sells 102,923 Shares of HP Inc. $HPQ

First Trust Advisors LP decreased its position in shares of HP Inc. (NYSE:HPQ) by 2.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,771,411 shares of the computer maker’s stock after selling 102,923 shares during the period. First Trust Advisors LP owned about 0.51% of HP worth $129,925,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Westfuller Advisors LLC purchased a new position in shares of HP in the 3rd quarter valued at approximately $28,000. Laurel Wealth Advisors LLC grew its stake 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 period. Elevation Point Wealth Partners LLC bought a new position in HP in the second quarter worth $27,000. Caitlin John LLC purchased a new position in HP during the third quarter valued at $30,000. Finally, Corsicana & Co. purchased a new position in HP during the third quarter valued at $33,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the sale, the insider owned 169 shares in the company, valued at approximately $4,196.27. This represents a 99.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HPQ shares. UBS Group reduced their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Citigroup lowered their price target on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Argus upgraded shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. decreased their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group dropped their price target on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $21.58.

HP Stock Performance

Shares of HPQ stock opened at $19.45 on Monday. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 5.40 and a beta of 1.18. HP Inc. has a one year low of $17.56 and a one year high of $30.61. The company’s 50-day moving average is $19.91 and its 200 day moving average is $24.07.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. The business had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts predict 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. Investors of record on Wednesday, March 11th will be issued 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 payout ratio is presently 45.45%.

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.