United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Shares in HP Inc. $HPQ

Key Points

• United Super Pty Ltd opened a new position in HP Inc., buying 580,928 shares valued at about $12.94 million in the fourth quarter, according to its latest SEC filing.
• HP recently reported better-than-expected Q2 results, with EPS of $0.86 and revenue of $14.41 billion, helped by demand for AI PCs and Windows 11 upgrades.
• Despite the earnings beat, HP cut its full-year profit outlook due to rising memory costs and softer demand, and analysts remain cautious with a consensus rating of “Reduce” and an average target price of $23.08.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 580,928 shares of the computer maker's stock, valued at approximately $12,943,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of HP as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HPQ. Garner Asset Management Corp acquired a new position in HP during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP in the 4th quarter worth $26,000. Sound Income Strategies LLC grew its stake in shares of HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker's stock worth $27,000 after acquiring an additional 646 shares in the last quarter. Caitlin John LLC bought a new position in HP during the third quarter valued at about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in HP during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Analysts Set New Price Targets

HPQ has been the subject of a number of research reports. TD Cowen increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Thursday. Bank of America increased 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. JPMorgan Chase & Co. increased their target price on shares of HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Finally, Barclays increased their target price on shares of HP from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $23.08.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP delivered a strong Q2 earnings beat, with revenue and EPS both coming in above Wall Street estimates, supported by AI PC demand and Windows 11 upgrade activity.
• Positive Sentiment: Analysts at JPMorgan raised their price target on HPQ to $26 from $22, implying modest upside from current levels while keeping a neutral rating. Benzinga article
• Neutral Sentiment: HP’s updated guidance for the third quarter and full year was still roughly in line with consensus on the surface, but the lower annual profit range signals more caution around margins and costs.
• Negative Sentiment: The company trimmed its full-year profit outlook because of rising memory costs and slower demand trends, which is the main reason the stock is reacting negatively despite the earnings beat.
• Negative Sentiment: Bank of America and Morgan Stanley both maintain bearish ratings on HPQ, highlighting ongoing concerns about valuation, PC demand, and margin pressure. Benzinga article

HP Price Performance

Shares of NYSE HPQ opened at $24.92 on Friday. HP Inc. has a one year low of $17.56 and a one year high of $29.55. The firm's 50 day simple moving average is $20.41 and its two-hundred day simple moving average is $21.10. The stock has a market capitalization of $22.79 billion, a P/E ratio of 9.20, a PEG ratio of 7.04 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 467.21%. The firm had revenue of $14.41 billion for the quarter, compared to analysts' expectations of $13.99 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business's revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities analysts expect that HP Inc. will post 2.85 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.8%. HP's 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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