Ethic Inc. Sells 24,032 Shares of HP Inc. $HPQ

Ethic Inc. reduced its position in shares of HP Inc. (NYSE:HPQ) by 24.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 74,228 shares of the computer maker’s stock after selling 24,032 shares during the quarter. Ethic Inc.’s holdings in HP were worth $2,021,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HPQ. State of Alaska Department of Revenue lifted its position in shares of HP by 36.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after purchasing an additional 75,895 shares during the period. LBP AM SA purchased a new position in shares of HP during the second quarter valued at about $7,279,000. Assenagon Asset Management S.A. raised its stake in HP by 3,365.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,396,782 shares of the computer maker’s stock worth $38,034,000 after buying an additional 1,356,479 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of HP by 6.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock worth $7,825,000 after acquiring an additional 18,240 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of HP by 3.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock worth $10,824,000 after acquiring an additional 13,686 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HP stock opened at $22.27 on Friday. HP Inc. has a 1 year low of $21.21 and a 1 year high of $35.28. The firm’s 50-day moving average is $24.75 and its 200 day moving average is $25.90. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 4.18 and a beta of 1.21.

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. On average, equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 5.4%. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is 45.28%.

Insiders Place Their Bets

In other news, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 141,456 shares in the company, valued at $3,677,856. The trade was a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the sale, the insider directly owned 34,572 shares in the company, valued at $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 110,123 shares of company stock valued at $2,784,126. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HPQ shares. Morgan Stanley dropped their price target on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 26th. Citigroup lowered their price objective on HP from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Bank of America decreased their price target on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. HSBC set a $30.00 price objective on shares of HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HP has an average rating of “Hold” and a consensus price target of $25.69.

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.