BlackRock Inc. Makes New $2.36 Billion Investment in HP Inc. $HPQ

Key Points

• BlackRock acquired 107.5 million HP shares in the second quarter, valued at approximately $2.36 billion and representing an 11.75% stake. Institutional investors collectively own 77.53% of HP.
• HP reported quarterly EPS of $0.86, beating estimates by $0.14, while revenue rose 9% year over year to $14.41 billion. The company reaffirmed fiscal 2026 EPS guidance of $2.90–$3.10.
• HP announced a quarterly dividend of $0.30 per share, equivalent to a 4.0% annualized yield. Despite recent price-target increases, analysts maintain a consensus “Reduce” rating with a $23.50 target, below the stock’s reported $29.99 price.

BlackRock Inc. acquired a new position in HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,463,839 shares of the computer maker's stock, valued at approximately $2,357,757,000. BlackRock Inc. owned approximately 11.75% of HP as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pallas Capital Advisors LLC purchased a new stake in shares of HP in the second quarter worth about $380,000. Deutsche Bank AG acquired a new position in HP during the 2nd quarter worth approximately $140,172,000. Commerzbank Aktiengesellschaft FI purchased a new position in HP in the 2nd quarter worth approximately $80,590,000. Trust Co. of Vermont purchased a new position in HP in the 2nd quarter worth approximately $224,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in HP in the second quarter valued at approximately $49,271,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Trading Up 0.1%

Shares of HPQ opened at $29.99 on Thursday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 5.05 and a beta of 1.17. The stock has a 50 day moving average of $25.59 and a 200-day moving average of $22.28.

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

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP's dividend payout ratio (DPR) is presently 44.28%.

Analysts Set New Price Targets

HPQ has been the subject of several recent analyst reports. Bank of America raised their target price on HP from $16.00 to $18.00 and gave the company an "underperform" rating in a research note on Thursday, May 28th. Morgan Stanley increased their price target on HP from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday, May 28th. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 6th. The Goldman Sachs Group upped their target price on HP from $19.00 to $21.00 and gave the company a "sell" rating in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company increased their target price on HP from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $23.50.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Insiders sold 52,620 shares of company stock valued at $1,478,622 in the last quarter. Company insiders own 0.18% of the company's stock.

HP Company 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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