California Public Employees Retirement System Sells 4,212,237 Shares of HP Inc. $HPQ

California Public Employees Retirement System decreased its holdings in HP Inc. (NYSE:HPQ) by 71.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,657,591 shares of the computer maker’s stock after selling 4,212,237 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of HP worth $40,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of HP by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after buying an additional 2,395,056 shares during the last quarter. Dodge & Cox lifted its stake in shares of HP by 4.6% in the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after acquiring an additional 1,537,945 shares during the period. Geode Capital Management LLC boosted 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 position in HP by 15.9% during the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after purchasing an additional 1,806,246 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in HP by 7.8% during the 1st 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 worth $277,265,000 after purchasing an additional 724,020 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

Shares of HP stock opened at $25.53 on Thursday. The business has a 50-day simple moving average of $25.95 and a 200 day simple moving average of $26.12. HP Inc. has a one year low of $21.21 and a one year high of $35.28. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 4.76 and a beta of 1.22.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. 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, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.30 per share. This is a boost from HP’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. HP’s dividend payout ratio (DPR) is presently 43.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HPQ shares. Bank of America reduced their price objective on shares of HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Morgan Stanley decreased their price target on HP from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 26th. HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group decreased their target price on HP from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.69.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% 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. Also, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the transaction, the chief executive officer owned 141,456 shares of the company’s stock, valued at $3,677,856. This represents a 22.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 111,084 shares of company stock worth $2,931,884. Corporate insiders own 0.38% of the company’s stock.

HP Company 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.