HP Inc. $HPQ Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in shares of HP Inc. (NYSE:HPQ) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,107 shares of the computer maker’s stock after selling 2,926 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in HP were worth $3,525,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Laurel Wealth Advisors LLC grew its position in HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of HP by 47.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 40,434 shares of the computer maker’s stock valued at $989,000 after purchasing an additional 12,985 shares during the period. Atalanta Sosnoff Capital LLC raised its position in HP by 3.7% in the second quarter. Atalanta Sosnoff Capital LLC now owns 14,098 shares of the computer maker’s stock worth $345,000 after acquiring an additional 500 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of HP by 17.9% in the 2nd quarter. CreativeOne Wealth LLC now owns 35,638 shares of the computer maker’s stock worth $872,000 after purchasing an additional 5,404 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of HP by 58.6% in the second quarter. Prudential Financial Inc. now owns 1,286,728 shares of the computer maker’s stock valued at $31,473,000 after buying an additional 475,388 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HPQ shares. Citigroup reduced their price objective on shares of HP from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday. The Goldman Sachs Group reduced their price target on HP from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley lowered their price target on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.69.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. This trade represents a 99.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.38% of the company’s stock.

HP Stock Down 1.5%

NYSE HPQ opened at $23.97 on Thursday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $37.50. The stock has a market cap of $22.40 billion, a P/E ratio of 8.75, a PEG ratio of 2.23 and a beta of 1.28. The company’s 50-day simple moving average is $26.43 and its 200 day simple moving average is $26.38.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. During the same quarter last year, the company earned $0.93 EPS. HP’s revenue was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. Research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. HP’s dividend payout ratio (DPR) is 43.40%.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.