Bessemer Group Inc. Acquires 19,543 Shares of HP Inc. $HPQ

Bessemer Group Inc. increased its stake in HP Inc. (NYSE:HPQ) by 125.9% during the 1st quarter, HoldingsChannel reports. The firm owned 35,067 shares of the computer maker’s stock after buying an additional 19,543 shares during the period. Bessemer Group Inc.’s holdings in HP were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in HP in the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP in the fourth quarter worth approximately $26,000. SHP Wealth Management purchased a new stake in shares of HP in the fourth quarter worth $26,000. Sound Income Strategies LLC increased its stake in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after buying an additional 646 shares in the last quarter. Finally, Union Savings Bank purchased a new stake in shares of HP during the fourth quarter worth about $28,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 5.3%

Shares of HP stock opened at $25.82 on Friday. The stock’s fifty day moving average price is $24.14 and its 200-day moving average price is $21.20. The firm has a market cap of $23.61 billion, a P/E ratio of 9.53, a P/E/G ratio of 4.14 and a beta of 1.19. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65.

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

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Analyst Ratings Changes

Several research firms have weighed in on HPQ. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley lifted their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised their target price on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Finally, Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $23.33.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

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.