AustralianSuper Pty Ltd Reduces Position in HP Inc. $HPQ

AustralianSuper Pty Ltd lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 37.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,534,255 shares of the computer maker’s stock after selling 2,150,400 shares during the period. AustralianSuper Pty Ltd’s holdings in HP were worth $96,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Richardson Financial Services Inc. boosted its holdings in HP by 14.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after acquiring an additional 367 shares during the period. IHT Wealth Management LLC increased its stake in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares during the period. AdvisorNet Financial Inc lifted its position in shares of HP by 42.9% during the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after purchasing an additional 405 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of HP by 6.4% during the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock valued at $173,000 after purchasing an additional 410 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.7%

Shares of NYSE HPQ opened at $19.05 on Thursday. HP Inc. has a 12-month low of $19.01 and a 12-month high of $35.28. The stock’s fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $25.32. The stock has a market capitalization of $17.48 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 3.64 and a beta of 1.21.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 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 during the quarter, compared to analyst estimates of $14.50 billion. During the same period in the previous year, the company posted $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. On average, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is currently 45.28%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group lowered shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 target price on the stock. in a research report on Tuesday, January 13th. Argus raised shares of HP to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of HP in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HP has an average rating of “Hold” and an average target price of $24.77.

Insider Transactions at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction that occurred 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anneliese Olson sold 16,726 shares of HP 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 completion of the transaction, the insider directly owned 169 shares in the company, valued at $4,196.27. This represents a 99.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,969 shares of company stock valued at $2,277,993 in the last 90 days. Insiders own 0.38% of the company’s stock.

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.