Foster & Motley Inc. Decreases Holdings in HP Inc. $HPQ

Foster & Motley Inc. lowered its holdings in HP Inc. (NYSE:HPQ) by 22.8% during the fourth quarter, HoldingsChannel reports. The fund owned 160,172 shares of the computer maker’s stock after selling 47,358 shares during the period. Foster & Motley Inc.’s holdings in HP were worth $3,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC raised its holdings in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after purchasing an additional 5,325,260 shares in the last quarter. Norges Bank purchased a new stake in shares of HP during the 2nd quarter worth approximately $91,698,000. Vanguard Group Inc. boosted its holdings in shares of HP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after buying an additional 3,122,436 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of HP in the 2nd quarter valued at $74,385,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HPQ shares. Wells Fargo & Company cut their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Citigroup decreased their price objective on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Bank of America reaffirmed an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Argus upgraded HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $21.58.

HP Price Performance

Shares of HP stock opened at $19.19 on Wednesday. The firm’s fifty day simple moving average is $19.03 and its 200-day simple moving average is $22.94. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 5.29 and a beta of 1.18. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.55.

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

HP Dividend Announcement

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 paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.3%. HP’s dividend payout ratio is 45.45%.

HP Company 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.