HP Inc. $HPQ Position Trimmed by National Pension Service

Key Points

• National Pension Service cut its HP stake by 42% in the second quarter, selling 1.56 million shares and retaining 2.16 million shares worth about $47.4 million. Institutional investors collectively own 77.53% of HP.
• HP reported stronger-than-expected quarterly results, with earnings of $0.83 per share and revenue of $15.68 billion, up 12.5% year over year. The company issued fiscal 2026 EPS guidance of $3.19–$3.29.
• HP shares opened at $35.42 after rising 8.2%, near their 52-week high, while analysts maintained an overall “Hold” consensus with an average price target of $25.77. HP also declared a quarterly dividend of $0.30 per share, yielding about 3.4% annually.

National Pension Service trimmed its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 42.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,159,067 shares of the computer maker's stock after selling 1,561,053 shares during the quarter. National Pension Service owned about 0.24% of HP worth $47,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HPQ. BlackRock Inc. bought a new stake in shares of HP during the second quarter valued at about $2,357,757,000. State Street Corp boosted its stake in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker's stock worth $1,450,245,000 after acquiring an additional 2,651,623 shares in the last quarter. California State Teachers Retirement System increased its stake in HP by 2,151.8% in the 2nd quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker's stock worth $780,272,000 after purchasing an additional 33,984,527 shares in the last quarter. Geode Capital Management LLC grew its position in HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker's stock worth $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in HP during the second quarter valued at $545,984,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on HPQ shares. Evercore set a $32.00 price objective on HP in a report on Monday, August 24th. Royal Bank Of Canada started coverage on shares of HP in a report on Thursday. They issued a "sector perform" rating and a $33.00 target price on the stock. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 6th. Wells Fargo & Company increased 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. Finally, UBS Group boosted their price target on shares of HP from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, HP presently has an average rating of "Hold" and an average price target of $25.77.

HP Trading Up 8.2%

NYSE:HPQ opened at $35.42 on Friday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $36.22. The stock has a market capitalization of $31.94 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18. The firm has a 50 day moving average of $28.29 and a 200-day moving average of $23.69.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm's quarterly revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, analysts forecast that HP Inc. will post 3.23 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. HP's payout ratio is presently 45.80%.

Insider Buying and Selling at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,096 shares of company stock worth $1,218,890 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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