HP Inc. $HPQ Shares Sold by Oak Thistle LLC

Oak Thistle LLC lessened its stake in shares of HP Inc. (NYSE:HPQ) by 70.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,437 shares of the computer maker’s stock after selling 38,756 shares during the period. Oak Thistle LLC’s holdings in HP were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in HP by 1.9% during the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock worth $3,095,078,000 after purchasing an additional 2,395,056 shares during the period. Dodge & Cox raised its position in shares of HP by 4.6% during the 2nd quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock valued at $854,718,000 after buying an additional 1,537,945 shares during the period. Geode Capital Management LLC lifted its holdings in HP by 1.6% in the second quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock valued at $638,720,000 after acquiring an additional 424,544 shares during the last quarter. Invesco Ltd. increased its stake in HP by 15.9% during the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock worth $321,573,000 after acquiring an additional 1,806,246 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after purchasing an additional 724,020 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity

In other HP news, CEO Enrique Lores sold 41,922 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at $3,677,856. This trade represents a 22.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,196.27. This represents a 99.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 111,084 shares of company stock worth $2,931,884. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Bank of America lowered their price target on HP from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, November 21st. The Goldman Sachs Group dropped their price target on shares of HP from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. HSBC set a $30.00 price objective on shares of HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, UBS Group set a $24.00 price target on HP in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.69.

HP Stock Performance

Shares of HPQ stock opened at $23.24 on Friday. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $35.28. The company has a 50 day moving average price of $25.64 and a 200 day moving average price of $26.03. The stock has a market capitalization of $21.33 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 4.40 and a beta of 1.22.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. On average, research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.30 per share. This is a positive change from HP’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 5.2%. HP’s dividend payout ratio (DPR) is currently 45.28%.

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.