Vest Financial LLC Boosts Holdings in HP Inc. $HPQ

Key Points

• Vest Financial increased its HP stake by 51.6% in the second quarter, bringing its holdings to 372,407 shares valued at approximately $8.17 million. Institutional investors collectively own 77.53% of HP’s outstanding stock.
• Analysts raised several HP price targets, but the consensus remains cautious: HP has a “Reduce” rating and an average target price of $23.50. Recent ratings included “Underperform,” “Underweight,” “Sell,” and “Neutral.”
• HP reported quarterly earnings of $0.86 per share and revenue of $14.41 billion, beating estimates, while revenue grew 9% year over year. The company declared a quarterly dividend of $0.30 per share, equivalent to a 3.8% annual yield.

Vest Financial LLC raised its position in HP Inc. (NYSE:HPQ - Free Report) by 51.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 372,407 shares of the computer maker's stock after acquiring an additional 126,811 shares during the period. Vest Financial LLC's holdings in HP were worth $8,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. DNB Asset Management AS lifted its holdings in shares of HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the last quarter. Norges Bank purchased a new position in HP during the 4th quarter worth $149,309,000. Arrowstreet Capital Limited Partnership increased its position in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker's stock valued at $228,153,000 after buying an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC raised its stake in HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker's stock valued at $244,527,000 after buying an additional 5,325,260 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in HP by 626.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker's stock valued at $110,257,000 after buying an additional 4,267,600 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HPQ shares. Bank of America boosted their price target on HP from $16.00 to $18.00 and gave the stock an "underperform" rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted 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, May 28th. Barclays upped their price target on shares of HP from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their price target on shares of HP from $19.00 to $21.00 and gave the stock a "sell" rating in a report on Wednesday. Finally, Citigroup boosted their price objective on shares of HP from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Two 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 company. Based on data from MarketBeat.com, HP has a consensus rating of "Reduce" and a consensus target price of $23.50.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company's stock, 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 document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 in the last quarter. 0.18% of the stock is owned by corporate insiders.

HP Stock Up 6.9%

HP stock opened at $31.31 on Friday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19. The company 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 stock has a 50-day moving average price of $25.21 and a 200 day moving average price of $21.98.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. HP's revenue for the quarter 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. Research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid 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 is presently 44.28%.

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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