HP Inc. $HPQ Shares Sold by Groupe la Francaise

Groupe la Francaise cut its stake in HP Inc. (NYSE:HPQ) by 15.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,607 shares of the computer maker’s stock after selling 30,852 shares during the period. Groupe la Francaise’s holdings in HP were worth $3,787,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HPQ. IHT Wealth Management LLC boosted its holdings in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares in the last quarter. Vident Advisory LLC raised its holdings in HP by 0.6% during the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after buying an additional 444 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of HP by 10.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after buying an additional 467 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of HP by 2.4% during the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after acquiring an additional 477 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in shares of HP by 0.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David McQuarrie sold 21,048 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 worth $1,478,622 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HPQ has been the subject of several analyst reports. Bank of America restated an “underperform” rating on shares of HP in a report on Thursday, August 27th. Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Morgan Stanley dropped their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. TD Cowen upped their price objective on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Finally, UBS Group raised their target price on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Two investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $25.17.

HP Trading Up 0.1%

HPQ opened at $32.66 on Tuesday. The business has a 50 day moving average of $27.41 and a 200-day moving average of $23.31. The stock has a market capitalization of $29.45 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.70 and a beta of 1.18. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.78.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that HP Inc. will post 3.23 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. HP’s payout ratio is presently 45.80%.

About HP

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.