Citigroup Inc. Trims Stock Position in HP Inc. $HPQ

Citigroup Inc. decreased its position in HP Inc. (NYSE:HPQ) by 3.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,606,391 shares of the computer maker’s stock after selling 60,784 shares during the period. Citigroup Inc.’s holdings in HP were worth $43,742,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of HP in the 2nd quarter worth $91,698,000. Vanguard Group Inc. raised its holdings in shares of HP by 2.5% in the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after acquiring an additional 3,122,436 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in HP in the second quarter worth about $74,385,000. First Trust Advisors LP grew its holdings in HP by 93.9% during the 2nd quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock worth $119,226,000 after acquiring an additional 2,360,678 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in HP by 76.2% during the 2nd 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 hedge funds and other institutional investors.

HP Trading Down 1.1%

NYSE HPQ opened at $18.15 on Wednesday. The firm’s fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $24.50. The firm has a market capitalization of $16.66 billion, a P/E ratio of 6.85, a P/E/G ratio of 0.29 and a beta of 1.21. HP Inc. has a 12-month low of $18.00 and a 12-month high of $35.01.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.6%. HP’s payout ratio is presently 45.28%.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Q1 non‑GAAP EPS and revenue topped estimates — non‑GAAP EPS of $0.81 (vs. $0.77 consensus) and revenue of $14.4B (+6.9% YoY), showing demand held up and core profitability improved. HP (HPQ) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Cash generation and shareholder returns were constructive: operating cash flow of $383M, free cash flow $175M, and $0.6B returned to shareholders via buybacks/dividends, which supports capital allocation. HP Inc. Reports Fiscal 2026 First Quarter Results
• Neutral Sentiment: GAAP EPS were slightly lower year‑over‑year ($0.58 vs. $0.59) and margins contracted modestly, signaling that headline beats masked some underlying cost pressure. HP Inc. Reports Fiscal 2026 First Quarter Results (Yahoo)
• Neutral Sentiment: Analysts had refreshed expectations ahead of the print; longer‑term FY26 consensus still factors in cost risks — monitor analyst revisions. Top Wall Street Forecasters Revamp HP Expectations Ahead Of Q1
• Negative Sentiment: Q2 guidance was cautious — EPS guidance of $0.70–$0.76 vs. the ~ $0.75 consensus (company midpoint slightly below expectations), which prompted investor concern about near‑term earnings visibility. HP slides as mixed guidance weighs on strong Q1 results
• Negative Sentiment: Management warned FY26 outcomes will likely sit at the low end of prior guidance due to rising memory‑chip costs and U.S. trade regulation risks — the cost/geo‑political angle is the main driver of the stock decline. HP warns US trade regulations, memory chip costs to weigh on annual forecasts

Wall Street Analyst Weigh In

HPQ has been the subject of several recent research reports. Evercore set a $22.00 price target on shares of HP in a report on Thursday, February 19th. Barclays reissued an “underweight” rating and issued a $18.00 price objective (down from $24.00) on shares of HP in a research note on Friday, January 16th. Citigroup lowered their target price on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Bank of America reiterated an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Finally, Morgan Stanley reduced their price target on HP from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $23.62.

Insider Activity

In other HP news, insider Ketan M. Patel sold 33,321 shares of the company’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 transaction of $772,713.99. Following the transaction, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 41,922 shares of the firm’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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,969 shares of company stock worth $2,277,993 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.