Geode Capital Management LLC Purchases 274,033 Shares of HP Inc. $HPQ

Key Points

• Geode Capital Management increased its HP Inc. stake by 274,033 shares in the fourth quarter, bringing its holdings to 27.3 million shares worth about $607.4 million.
• HP recently beat quarterly earnings and revenue expectations, reporting EPS of $0.86 versus $0.72 expected and revenue of $14.41 billion versus $13.99 billion estimated, with sales up 9% year over year.
• The company also declared a quarterly dividend of $0.30 per share, equal to a 4.5% annualized yield, while analysts remain cautious overall with an average rating of “Reduce.”

Geode Capital Management LLC grew its position in HP Inc. (NYSE:HPQ - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,313,924 shares of the computer maker's stock after purchasing an additional 274,033 shares during the quarter. Geode Capital Management LLC owned approximately 2.98% of HP worth $607,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Applied Finance Capital Management LLC increased its position in HP by 8.4% during the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker's stock worth $33,139,000 after acquiring an additional 94,494 shares during the period. Vanguard Group Inc. increased its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker's stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. Jones Financial Companies Lllp increased its position in HP by 34.6% during the third quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker's stock worth $10,685,000 after acquiring an additional 102,825 shares during the period. National Pension Service increased its position in HP by 10.0% during the third quarter. National Pension Service now owns 2,320,504 shares of the computer maker's stock worth $63,187,000 after acquiring an additional 211,443 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker's stock worth $45,063,000 after acquiring an additional 157,464 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Price Performance

Shares of HP stock opened at $26.96 on Friday. The firm has a market capitalization of $24.66 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 7.41 and a beta of 1.09. The company's fifty day moving average price is $20.59 and its two-hundred day moving average price is $21.14. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Analysts predict that HP Inc. will post 2.94 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 10th. HP's payout ratio is 45.45%.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HPQ beat Q2 earnings and revenue expectations, showing stronger-than-expected demand in Personal Systems and healthy top-line growth. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Analysts raised price targets after the report, signaling improved confidence in HP’s near-term execution and earnings power. Why HP Stock Is Surging On Friday?
• Neutral Sentiment: Management’s earnings call pointed to AI growth opportunities, but also stressed the need to manage input costs and margin pressure carefully. HP Inc. Earnings Call Balances AI Growth And Costs
• Negative Sentiment: HP lowered its full-year outlook due to memory cost pressure and slowing unit demand, which could limit margin expansion and cap upside. HP beats Q2 estimates but trims full-year outlook on memory cost pressure
• Negative Sentiment: Bank of America and Morgan Stanley remained cautious, suggesting the quarter was strong but not yet enough to confirm a full turnaround. Bank of America sends tough message on HP stock

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of HP in a research report on Monday, May 4th. Bank of America boosted their target price on shares of HP from $16.00 to $18.00 and gave the stock an "underperform" rating in a research report on Thursday. Evercore set a $22.00 target price on shares of HP in a research report on Thursday, February 19th. Citigroup boosted their target price on shares of HP from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Morgan Stanley boosted their price target on shares of HP from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $23.08.

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.

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