Crossmark Global Holdings Inc. Decreases Position in HP Inc. $HPQ

Crossmark Global Holdings Inc. trimmed its position in HP Inc. (NYSE:HPQ) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 587,493 shares of the computer maker’s stock after selling 46,187 shares during the period. Crossmark Global Holdings Inc. owned about 0.06% of HP worth $15,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp raised its holdings in HP by 7.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,481,211 shares of the computer maker’s stock valued at $40,333,000 after acquiring an additional 101,844 shares during the last quarter. Applied Finance Capital Management LLC grew its position in shares of HP by 8.4% in the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock valued at $33,139,000 after purchasing an additional 94,494 shares in the last quarter. Maj Invest Holding A S increased its holdings in shares of HP by 3.8% in the third quarter. Maj Invest Holding A S now owns 5,754,138 shares of the computer maker’s stock valued at $156,686,000 after purchasing an additional 210,762 shares during the last quarter. Railway Pension Investments Ltd lifted its position in HP by 6.1% during the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock worth $43,568,000 after buying an additional 92,400 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in HP by 34.6% during the third quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock worth $10,685,000 after buying an additional 102,825 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction 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 transaction, the insider directly owned 34,572 shares in the company, valued at $801,724.68. This trade represents a 49.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the firm’s 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 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 position. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HPQ has been the subject of a number of recent research reports. Evercore set a $22.00 target price on HP in a research note on Thursday, February 19th. Barclays cut their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Bank of America reiterated an “underperform” rating and issued a $20.00 target price (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Wells Fargo & Company cut their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their price objective on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $21.58.

HP Stock Up 0.8%

Shares of HPQ opened at $19.33 on Friday. The company has a market cap of $17.68 billion, a P/E ratio of 7.32, a PEG ratio of 5.33 and a beta of 1.18. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $30.61. The firm’s 50 day moving average price is $19.98 and its 200 day moving average price is $24.16.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the previous year, the business earned $0.74 EPS. HP’s revenue for the quarter was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. HP’s payout ratio is presently 45.45%.

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.