Cibc World Market Inc. Invests $4.02 Million in HP Inc. $HPQ

Cibc World Market Inc. acquired a new position in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 183,250 shares of the computer maker’s stock, valued at approximately $4,021,000.

Several other hedge funds also recently made changes to their positions in HPQ. Garner Asset Management Corp purchased a new position in HP during the fourth quarter worth about $25,000. SHP Wealth Management acquired a new position in HP during the 4th quarter worth approximately $26,000. Union Savings Bank acquired a new position in HP during the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of HP during the 4th quarter worth approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of HP in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 3.7%

NYSE:HPQ opened at $30.62 on Thursday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The stock has a fifty day simple moving average of $26.11 and a 200-day simple moving average of $22.63. The company has a market capitalization of $28.00 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 4.90 and a beta of 1.17.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that HP Inc. will post 3.03 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 annualized dividend and a dividend yield of 3.9%. HP’s dividend payout ratio is currently 44.28%.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

Analyst Ratings Changes

A number of research firms recently weighed in on HPQ. JPMorgan Chase & Co. lifted their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America raised their target price on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Morgan Stanley decreased their target price on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday. TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company increased their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $24.17.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction that occurred 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 directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their position. 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. Over the last three months, insiders have sold 52,620 shares of company stock worth $1,478,622. Company insiders own 0.18% of the company’s stock.

HP Company 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.