FORA Capital LLC Acquires 68,110 Shares of HP Inc. $HPQ

FORA Capital LLC increased its stake in HP Inc. (NYSE:HPQ) by 44.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 222,113 shares of the computer maker’s stock after buying an additional 68,110 shares during the period. FORA Capital LLC’s holdings in HP were worth $5,433,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HPQ. WPG Advisers LLC purchased a new position in shares of HP during the 1st quarter valued at $25,000. Laurel Wealth Advisors LLC raised its stake 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 valued at $26,000 after acquiring an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in HP in the 2nd quarter valued at about $27,000. Global Trust Asset Management LLC increased its stake in shares of HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of HP by 72.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

HPQ has been the subject of a number of recent research reports. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price target on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. The Goldman Sachs Group dropped their price objective on HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley reduced their target price on HP from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.69.

HP Trading Down 2.6%

Shares of NYSE HPQ opened at $24.75 on Friday. The stock’s 50-day moving average is $25.89 and its 200 day moving average is $26.08. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 4.64 and a beta of 1.22. HP Inc. has a 1-year low of $21.21 and a 1-year high of $35.28.

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

HP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a $0.30 dividend. This is a boost from HP’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. HP’s dividend payout ratio is presently 45.28%.

Insider Activity

In other HP news, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 141,456 shares in the company, valued at approximately $3,677,856. The trade was a 22.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 111,084 shares of company stock valued at $2,931,884 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

About HP

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.