HP Inc. $HPQ Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of HP Inc. (NYSE:HPQ) by 56.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,014 shares of the computer maker’s stock after purchasing an additional 23,383 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HP were worth $1,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quartz Partners LLC raised its holdings in shares of HP by 11.3% during the first quarter. Quartz Partners LLC now owns 17,128 shares of the computer maker’s stock valued at $329,000 after buying an additional 1,735 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in HP by 47.9% in the 1st quarter. Wealthfront Advisers LLC now owns 214,536 shares of the computer maker’s stock worth $4,121,000 after buying an additional 69,503 shares in the last quarter. Sigma Planning Corp acquired a new stake in HP in the 1st quarter valued at approximately $1,459,000. Checchi Capital Advisers LLC increased its position in HP by 34.8% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,893 shares of the computer maker’s stock valued at $248,000 after acquiring an additional 3,327 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in HP by 28.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 38,400 shares of the computer maker’s stock valued at $738,000 after acquiring an additional 8,400 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 0.3%

Shares of HP stock opened at $25.82 on Monday. The business has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $21.20. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 4.34 and a beta of 1.19.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the prior year, the company earned $0.71 EPS. HP’s revenue 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. Analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. TD Cowen lifted their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Citigroup upped their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Two 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 has a consensus rating of “Reduce” and an average target price of $23.33.

Insiders Place Their Bets

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 stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

About HP

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.