HP Inc. $HPQ Shares Acquired by Abundance Wealth Counselors

Key Points

• Abundance Wealth Counselors more than doubled its HP stake in the second quarter, acquiring 66,486 additional shares for a total holding of 131,281 shares valued at approximately $2.88 million. Institutional investors collectively own 77.53% of HP.
• Analysts remain cautious despite raising price targets: HP has an average rating of “Reduce” and a consensus target of $23.50, with ratings spanning Strong Buy, Hold and Sell.
• HP reported stronger-than-expected quarterly results, with EPS of $0.86 versus the $0.72 estimate and revenue of $14.41 billion. The company also declared a quarterly dividend of $0.30 per share, representing a 3.8% annualized yield.

Abundance Wealth Counselors lifted its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 102.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,281 shares of the computer maker's stock after acquiring an additional 66,486 shares during the quarter. Abundance Wealth Counselors' holdings in HP were worth $2,880,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker's stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. State Street Corp increased its stake in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker's stock worth $1,450,245,000 after buying an additional 2,651,623 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker's stock worth $607,373,000 after buying an additional 274,033 shares during the last quarter. Invesco Ltd. raised its holdings in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker's stock valued at $339,468,000 after acquiring an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker's stock valued at $302,610,000 after acquiring an additional 4,542,339 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insiders Place Their Bets

In other HP 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 completion of the transaction, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock valued at $1,478,622. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HPQ shares. The Goldman Sachs Group boosted their target price on shares of HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research report on Wednesday. Morgan Stanley increased their price target on shares of HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Finally, Barclays upped their price objective on HP from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. Two research 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, the stock presently has an average rating of "Reduce" and a consensus price target of $23.50.

HP Price Performance

Shares of HPQ stock opened at $31.31 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.19. The firm has a market capitalization of $28.64 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 4.94 and a beta of 1.17. The business has a 50 day simple moving average of $25.21 and a 200 day simple moving average of $21.98.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $14.41 billion during the quarter, compared to analysts' expectations 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 was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $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, equities analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. HP's dividend payout ratio (DPR) is 44.28%.

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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