Conning Inc. Sells 212,557 Shares of HP Inc. $HPQ

Conning Inc. decreased its stake in HP Inc. (NYSE:HPQ) by 15.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,123,250 shares of the computer maker’s stock after selling 212,557 shares during the period. Conning Inc.’s holdings in HP were worth $30,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC grew its position in HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in HP during the second quarter worth about $27,000. Global Trust Asset Management LLC boosted its holdings in shares of HP by 492.6% in the 2nd 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. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of HP by 72.3% in the 2nd 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. Finally, Corsicana & Co. bought a new position in shares of HP during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

HPQ has been the subject of several research reports. Evercore ISI cut their target price on HP from $29.00 to $25.00 and set an “in-line” rating for the company in a research note on Wednesday, November 26th. Citigroup lowered their price objective on shares of HP from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Morgan Stanley cut their price objective on shares of HP from $21.00 to $20.00 and set an “underweight” rating for the company in a research note on Wednesday, November 26th. Zacks Research cut shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, Barclays cut their price target on shares of HP from $27.00 to $24.00 and set an “equal weight” 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 given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.46.

HP Stock Down 1.5%

NYSE:HPQ opened at $20.76 on Thursday. The firm has a market capitalization of $19.06 billion, a P/E ratio of 7.83, a P/E/G ratio of 3.95 and a beta of 1.21. The company has a fifty day moving average of $23.69 and a 200 day moving average of $25.72. HP Inc. has a 52 week low of $20.65 and a 52 week high of $35.28.

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 analysts’ consensus estimates 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 net margin of 4.57% and a negative return on equity of 330.68%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm 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, analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio is currently 45.28%.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is currently owned by company insiders.

About HP

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.