HP Inc. $HPQ Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in HP Inc. (NYSE:HPQ) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,220 shares of the computer maker’s stock after selling 31,502 shares during the quarter. Keybank National Association OH’s holdings in HP were worth $2,213,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IHT Wealth Management LLC raised its position in shares of HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the last quarter. Vident Advisory LLC raised its holdings in HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after acquiring an additional 444 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of HP by 0.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after purchasing an additional 470 shares during the last quarter. Vise Technologies Inc. grew its position in shares of HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its holdings in shares of HP by 2.7% in the fourth quarter. Centennial Wealth Advisory LLC now owns 19,640 shares of the computer maker’s stock valued at $438,000 after purchasing an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the transaction, the insider directly owned 92,200 shares of the company’s stock, valued at $2,275,496. The trade was a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HPQ has been the subject of several analyst reports. TD Cowen upped their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley increased their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Stock Performance

Shares of HPQ stock opened at $21.95 on Monday. The firm has a market cap of $20.07 billion, a P/E ratio of 8.10, a P/E/G ratio of 3.70 and a beta of 1.19. The firm’s 50 day moving average price is $23.10 and its 200-day moving average price is $21.07. HP Inc. has a one year low of $17.56 and a one year high of $29.65.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, research analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 5.5%. HP’s dividend payout ratio is presently 44.28%.

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.