Alps Advisors Inc. Sells 108,572 Shares of HP Inc. $HPQ

Alps Advisors Inc. lowered its position in HP Inc. (NYSE:HPQ) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 877,102 shares of the computer maker’s stock after selling 108,572 shares during the period. Alps Advisors Inc.’s holdings in HP were worth $23,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of HP during the 2nd quarter valued at about $91,698,000. Qube Research & Technologies Ltd bought a new position in HP in the second quarter valued at approximately $74,385,000. Vanguard Group Inc. lifted its stake in HP by 1.9% in the second quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after buying an additional 2,395,056 shares in the last quarter. First Trust Advisors LP boosted its holdings 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 buying an additional 2,360,678 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of HP by 76.2% during the second quarter. Schroder Investment Management Group now owns 4,662,544 shares of the computer maker’s stock worth $114,046,000 after acquiring an additional 2,016,756 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 41,922 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,969 shares of company stock worth $2,277,993 over the last quarter. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HPQ shares. JPMorgan Chase & Co. reduced their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. TD Cowen cut their price target on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group downgraded HP from a “neutral” rating to a “sell” rating and set a $21.00 price objective for the company. in a report on Tuesday, January 13th. Evercore dropped their target price on HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $24.31.

HP Stock Performance

HPQ opened at $19.67 on Friday. The business’s 50-day simple moving average is $22.12 and its 200 day simple moving average is $25.05. HP Inc. has a 52-week low of $18.32 and a 52-week high of $35.28. The firm has a market capitalization of $18.06 billion, a PE ratio of 7.42, a PEG ratio of 0.31 and a beta of 1.21.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating 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 firm had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. During the same period last year, the company earned $0.93 earnings per share. The business’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, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be 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 of this dividend is Wednesday, March 11th. HP’s dividend payout ratio is 45.28%.

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.