Bessemer Group Inc. Purchases 19,543 Shares of HP Inc. $HPQ

Bessemer Group Inc. grew its stake in HP Inc. (NYSE:HPQ) by 125.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,067 shares of the computer maker’s stock after purchasing an additional 19,543 shares during the period. Bessemer Group Inc.’s holdings in HP were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. SteelPeak Wealth LLC acquired a new stake in shares of HP during the 1st quarter worth approximately $254,000. Allspring Global Investments Holdings LLC grew its holdings in HP by 56.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 65,014 shares of the computer maker’s stock worth $1,232,000 after purchasing an additional 23,383 shares during the period. Quartz Partners LLC raised its stake in HP by 11.3% in the 1st quarter. Quartz Partners LLC now owns 17,128 shares of the computer maker’s stock valued at $329,000 after acquiring an additional 1,735 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of HP by 47.9% during the 1st quarter. Wealthfront Advisers LLC now owns 214,536 shares of the computer maker’s stock worth $4,121,000 after buying an additional 69,503 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of HP in the first quarter valued at about $1,459,000. 77.53% of the stock is currently owned by institutional investors.

HP Price Performance

HPQ opened at $25.82 on Friday. The stock’s 50 day simple moving average is $24.14 and its 200 day simple moving average is $21.20. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 4.14 and a beta of 1.19. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Analysts Set New Price Targets

HPQ has been the subject of several recent analyst reports. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. UBS Group raised their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, Bank of America upped their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $23.33.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% 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.