HP Inc. $HPQ Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group trimmed its HP stake by 3.8%, selling 86,216 shares and finishing the quarter with 2,196,377 shares (about 0.24% of the company) valued at roughly $48.94 million.
• Several analysts have lowered targets and issued underweight/sell ratings, leaving a MarketBeat consensus of "Reduce" with an average price target of $21.58.
• HP beat the quarter with $0.81 EPS (vs. $0.77 est.) and $14.44B revenue (up 6.9% YoY), gave Q2 EPS guidance of $0.70–$0.76, and pays a quarterly dividend of $0.30 (annualized yield ~6.2%).

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,196,377 shares of the computer maker's stock after selling 86,216 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of HP worth $48,935,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of HP by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker's stock worth $3,530,608,000 after purchasing an additional 3,122,436 shares in the last quarter. State Street Corp boosted its position 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 purchasing an additional 2,651,623 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker's stock worth $244,527,000 after purchasing an additional 5,325,260 shares in the last quarter. Legal & General Group Plc boosted its position in shares of HP by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker's stock worth $235,627,000 after purchasing an additional 586,694 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker's stock worth $228,153,000 after purchasing an additional 5,449,691 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HPQ shares. Barclays decreased their target price on shares of HP from $18.00 to $16.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. Wells Fargo & Company decreased their target price on shares of HP from $25.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. The Goldman Sachs Group decreased their target price on shares of HP from $21.00 to $16.00 and set a "sell" rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Finally, Bank of America reiterated an "underperform" rating and issued a $20.00 price objective (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $21.58.

HP Trading Up 1.2%

NYSE:HPQ opened at $19.22 on Thursday. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 5.27 and a beta of 1.11. The company's 50-day moving average is $18.92 and its two-hundred day moving average is $22.30. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. The company had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Wednesday, March 11th. HP's dividend payout ratio is 45.45%.

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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