Principal Financial Group Inc. Sells 38,539 Shares of HP Inc. $HPQ

Principal Financial Group Inc. trimmed its holdings in HP Inc. (NYSE:HPQ) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,046,528 shares of the computer maker’s stock after selling 38,539 shares during the quarter. Principal Financial Group Inc.’s holdings in HP were worth $28,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Westfuller Advisors LLC acquired a new position in HP during the third quarter worth $28,000. Laurel Wealth Advisors LLC lifted its position in shares of 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 buying an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of HP during the 2nd quarter worth about $27,000. Corsicana & Co. acquired a new position in shares of HP during the 3rd quarter valued at about $33,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake 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 valued at $30,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HPQ. TD Cowen decreased their target price on HP from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. HSBC set a $30.00 price objective on shares of HP and gave the stock a “buy” rating in a report on Tuesday, October 14th. Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Bank of America reissued an “underperform” rating and set a $20.00 target price (down previously from $26.00) on shares of HP in a research report on Tuesday. Finally, Citigroup lowered their price target on HP from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $24.31.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction on Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at approximately $4,196.27. This represents a 99.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 91,969 shares of company stock valued at $2,277,993 over the last ninety days. 0.38% of the stock is owned by company insiders.

HP Stock Performance

NYSE:HPQ opened at $19.67 on Friday. The firm’s 50-day moving average is $22.12 and its 200-day moving average is $25.05. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.30 and a beta of 1.21. HP Inc. has a 52-week low of $18.32 and a 52-week high of $35.28.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. During the same period last year, the business earned $0.93 earnings per share. The firm’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. Equities analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio is presently 45.28%.

HP 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.