HP Inc. $HPQ Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its position in HP Inc. (NYSE:HPQ) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,172 shares of the computer maker’s stock after selling 47,358 shares during the quarter. Foster & Motley Inc.’s holdings in HP were worth $3,569,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HPQ. Steward Partners Investment Advisory LLC lifted its stake in HP by 47.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 40,434 shares of the computer maker’s stock worth $989,000 after acquiring an additional 12,985 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in HP in the 2nd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. increased its stake in HP by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,228 shares of the computer maker’s stock worth $1,595,000 after purchasing an additional 10,354 shares during the period. Norges Bank purchased a new stake in HP during the second quarter worth about $91,698,000. Finally, New York State Common Retirement Fund lifted its position in shares of HP by 0.3% during the second quarter. New York State Common Retirement Fund now owns 604,362 shares of the computer maker’s stock worth $14,783,000 after purchasing an additional 1,637 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPQ. UBS Group dropped their price objective on shares of HP from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. The Goldman Sachs Group reduced their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a report on Wednesday, February 25th. Citigroup decreased 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. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company cut their price objective on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, HP presently has an average rating of “Reduce” and an average target price of $21.58.

HP Stock Performance

Shares of HP stock opened at $19.19 on Wednesday. The business has a 50-day simple moving average of $19.03 and a 200-day simple moving average of $22.94. HP Inc. has a one year low of $17.56 and a one year high of $29.55. The company has a market cap of $17.55 billion, a PE ratio of 7.27, a P/E/G ratio of 5.29 and a beta of 1.18.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is 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.