44,035 Shares in HP Inc. $HPQ Purchased by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors purchased 44,035 HP shares worth approximately $966,000 during the second quarter. Institutional investors and hedge funds collectively own 77.53% of HP.
• HP reported fiscal third-quarter adjusted EPS of $0.83 and revenue of $15.68 billion, beating estimates, while revenue rose 12.5% year over year. The company also raised fiscal 2026 guidance and highlighted AI-enabled PCs and premium products as growth drivers.
• Despite strong results, profitability concerns remain: operating margins declined, GAAP net income fell 13%, and PC shipments and Printing revenue weakened. Analysts maintain a consensus “Reduce” rating with an average price target of $24.83, below the stock’s reported $29.69 price.

Sanctuary Advisors LLC bought a new stake in HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,035 shares of the computer maker's stock, valued at approximately $966,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Callan Family Office LLC acquired a new stake in HP during the 2nd quarter worth about $3,029,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of HP in the 4th quarter valued at about $31,899,000. BlackRock Inc. acquired a new position in shares of HP in the 2nd quarter valued at about $2,357,757,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker's stock worth $43,747,000 after buying an additional 103,175 shares during the last quarter. Finally, BNP Paribas boosted its stake in shares of HP by 8,978.0% in the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker's stock worth $2,891,000 after buying an additional 128,296 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Results exceeded expectations: Fiscal Q3 non-GAAP EPS was $0.83 on revenue of $15.7 billion, versus estimates of approximately $0.66–$0.75 EPS and $14.4 billion in revenue. Revenue increased 12.5% year over year, led by an 18% increase in Personal Systems revenue. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Outlook was raised: HP increased its fiscal 2026 EPS and free-cash-flow guidance. Fourth-quarter adjusted EPS guidance of $0.69–$0.79 also exceeded the consensus estimate of $0.67, with price increases, premium and AI-enabled PCs, and expected tariff refunds helping offset higher component costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Positive Sentiment: Shareholder returns remained supportive: HP generated $1.6 billion in free cash flow and returned roughly $574 million through dividends and share repurchases. Analysts also raised some forecasts following the earnings report. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Neutral Sentiment: AI PCs are a potential growth driver: Management highlighted premium product mix and AI-PC demand as part of a possible margin recovery into fiscal 2027, but investors remain divided on how quickly these trends can translate into sustainable profitability.
• Negative Sentiment: Margins and earnings quality raised concerns: Non-GAAP operating margin fell to 6.5% from 7.1% a year earlier, while GAAP net income declined 13% and GAAP EPS fell to $0.71. Memory-chip inflation and other costs are pressuring profitability, and the quarter’s non-GAAP EPS benefited by $0.11 from tariff refunds. HP falls amid concerns over margins and PC unit shipments decline
• Negative Sentiment: Demand trends were mixed: Higher pricing helped lift revenue despite fewer PC shipments, while Printing revenue declined 2%. Following an almost 50% recent rally, investors appear to have demanded stronger evidence that growth and margin recovery can continue. HP: Double Earnings Beat, Raised Guidance, But Near 50% Rally Keeps Me Cautious

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. The Goldman Sachs Group upped their price objective on HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. UBS Group raised their price objective on shares of HP from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday. Bank of America reaffirmed an "underperform" rating on shares of HP in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of HP from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $24.83.

HP Price Performance

Shares of HPQ stock opened at $29.69 on Friday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19. The company has a market cap of $27.15 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 5.05 and a beta of 1.17. The stock has a 50 day simple moving average of $26.24 and a 200-day simple moving average of $22.71.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 762.90%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Analysts anticipate that HP Inc. will post 3.04 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP's payout ratio is currently 45.80%.

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.

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