DAVENPORT & Co LLC Reduces Stock Holdings in HP Inc. $HPQ

DAVENPORT & Co LLC lowered its stake in HP Inc. (NYSE:HPQ) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,311,216 shares of the computer maker’s stock after selling 33,858 shares during the period. DAVENPORT & Co LLC’s holdings in HP were worth $62,718,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Plato Investment Management Ltd increased its position in shares of HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock valued at $869,000 after buying an additional 363 shares during the period. Coppell Advisory Solutions LLC boosted its position in HP by 4.4% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock valued at $223,000 after acquiring an additional 369 shares in the last quarter. Fiduciary Financial Group LLC boosted its position in HP by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock valued at $324,000 after acquiring an additional 390 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after acquiring an additional 398 shares during the period. Finally, AdvisorNet Financial Inc raised its position in shares of HP by 42.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after acquiring an additional 405 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Price Performance

HPQ opened at $22.93 on Wednesday. The firm has a market cap of $21.04 billion, a PE ratio of 8.65, a P/E/G ratio of 4.34 and a beta of 1.22. The stock has a 50-day moving average price of $25.44 and a 200-day moving average price of $26.01. HP Inc. has a 1 year low of $21.21 and a 1 year high of $35.28.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion during 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%. HP’s revenue was up 4.2% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Thursday, December 11th. This is an increase from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is presently 45.28%.

Analysts Set New Price Targets

Several research firms recently weighed in on HPQ. Argus upgraded HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group dropped their target price on shares of HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target on shares of HP from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, HP currently has a consensus rating of “Hold” and a consensus price target of $25.69.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 41,922 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the sale, the chief executive officer directly owned 141,456 shares in the company, valued at approximately $3,677,856. This trade represents a 22.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,084 shares of company stock worth $2,931,884 over the last ninety days. 0.38% of the stock is currently owned by insiders.

HP 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.