HP Inc. $HPQ Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd reduced its stake in shares of HP Inc. (NYSE:HPQFree Report) by 53.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,601 shares of the computer maker’s stock after selling 51,361 shares during the quarter. Mediolanum International Funds Ltd’s holdings in HP were worth $1,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Westfuller Advisors LLC acquired a new stake in shares of HP in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC raised its holdings in HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in HP in the second quarter worth approximately $27,000. Corsicana & Co. acquired a new stake in HP in the third quarter worth approximately $33,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in HP by 72.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after purchasing an additional 512 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Insider Activity

In related news, CEO Enrique Lores sold 41,922 shares of the company’s 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 transaction, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. The trade was a 22.86% 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, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction dated Friday, December 26th. The stock was 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 of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 91,969 shares of company stock worth $2,277,993. 0.38% of the stock is owned by corporate insiders.

HP Trading Down 4.0%

HPQ stock opened at $19.03 on Wednesday. HP Inc. has a one year low of $18.32 and a one year high of $35.28. The firm has a 50-day moving average of $22.39 and a two-hundred day moving average of $25.17. The firm has a market capitalization of $17.46 billion, a PE ratio of 7.18, a P/E/G ratio of 3.68 and a beta of 1.21.

HP (NYSE:HPQGet Free Report) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The business had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s revenue 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 research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley cut their price objective on HP from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 26th. TD Cowen reduced their price objective on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Evercore ISI lowered their price objective on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 26th. Argus raised shares of HP to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of HP in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and an average target price of $24.31.

Read Our Latest Stock Analysis on HP

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HP Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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