Allstate Corp Acquires Shares of 35,875 HP Inc. $HPQ

Allstate Corp purchased a new position in shares of HP Inc. (NYSE:HPQ) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 35,875 shares of the computer maker’s stock, valued at approximately $977,000.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in HP in the second quarter worth about $91,698,000. Qube Research & Technologies Ltd bought a new position in HP during the 2nd quarter worth $74,385,000. Vanguard Group Inc. grew its position in shares of HP by 1.9% during the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock worth $3,095,078,000 after acquiring an additional 2,395,056 shares during the last quarter. First Trust Advisors LP increased its stake in shares of HP by 93.9% in the second quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock valued at $119,226,000 after purchasing an additional 2,360,678 shares during the period. Finally, Schroder Investment Management Group increased its position in HP by 76.2% in the 2nd quarter. Schroder Investment Management Group now owns 4,662,544 shares of the computer maker’s stock valued at $114,046,000 after acquiring an additional 2,016,756 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

HP News Roundup

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP’s CES AI PC push is reshaping its investment story — the company is positioning for AI‑enabled PCs which could lift higher‑margin hardware and services over time. How HP’s CES AI PC Push At HP (HPQ) Has Changed Its Investment Story
• Positive Sentiment: Options flow and contrarian commentary highlight investor interest amid a resurgent PC cycle — short‑term speculative buying could create episodic upside if macro demand confirms. HP (HPQ) Options Trade Flashes Courtesy of Resurgent PC Market
• Neutral Sentiment: Valuation debate: a steep pullback and low P/E make HP look inexpensive to some investors, but the multiple also reflects skepticism about durable earnings growth. Assessing HP (HPQ) Valuation After A Steep Pullback And Low P/E Signal
• Neutral Sentiment: Competitive pressure from Apple’s Mac momentum and rising memory costs create a mixed outlook: product innovation helps some players while component inflation squeezes margins for PC OEMs. Apple vs HP: Who Gains as AI PCs Rise and Memory Costs Surge?
• Negative Sentiment: Barclays downgraded HP to Underweight and cut its target to $18, signaling fresh analyst skepticism and adding downward pressure. Barclays Downgrades HP Inc. (HPQ) to Underweight, Cuts Target to $18
• Negative Sentiment: Citigroup trimmed its price target (from $25 to $22) and other analysts followed with cautious notes, contributing to negative sentiment and technical selling. Citigroup lowers HP price target to $22 (TickerReport)
• Negative Sentiment: Shares have fallen for multiple consecutive sessions and reached a 12‑month low after recent downgrades, amplifying momentum losses and higher trading volume on the selloff. HP shares fell for seven consecutive sessions HP Reaches New 12-Month Low After Analyst Downgrade
• Negative Sentiment: Market commentary notes the stock decline despite a broader market uptick — signaling stock‑specific weakness rather than sector‑wide pressure. HP (HPQ) Stock Falls Amid Market Uptick: What Investors Need to Know

HP Stock Down 1.4%

Shares of NYSE HPQ opened at $19.53 on Thursday. HP Inc. has a 12 month low of $19.27 and a 12 month high of $35.28. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 3.71 and a beta of 1.21. The business has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $25.53.

HP (NYSE:HPQ) last posted its quarterly earnings data 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. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. 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 expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 6.1%. The ex-dividend date was Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio is presently 45.28%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPQ. UBS Group set a $24.00 price target on HP in a report on Wednesday, November 26th. JPMorgan Chase & Co. lowered their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Citigroup decreased their price objective on shares of HP from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Barclays reiterated an “underweight” rating and set a $18.00 price objective (down previously from $24.00) on shares of HP in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.77.

Insider Buying and Selling at HP

In related news, insider Anneliese Olson sold 16,726 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Enrique Lores sold 41,922 shares of the stock in a transaction dated 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 directly owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,123 shares of company stock valued at $2,784,126 in the last three months. 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.