Arvest Bank Trust Division Takes $491,000 Position in HP Inc. $HPQ

Arvest Bank Trust Division acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,052 shares of the computer maker’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds have also modified their holdings of HPQ. DNB Asset Management AS increased its position in shares of HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of HP by 186.1% during 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 period. AQR Capital Management LLC increased its position in shares of HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the period. Vanguard Group Inc. increased its position in shares of HP by 2.5% during the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after purchasing an additional 3,122,436 shares during the period. Finally, State Street Corp increased its position in shares of HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. 77.53% of the stock is currently owned by institutional investors.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat second-quarter estimates on both revenue and profit, which is supporting the stock. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said AI PC demand and the Windows 11 upgrade cycle boosted sales, suggesting underlying demand is improving. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: HP also raised/updated full-year and Q3 EPS guidance modestly versus consensus, which helps offset some of the uncertainty around the outlook. HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from a prior $2.47-$2.77 range, signaling margin or cost pressure ahead. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue

HP Price Performance

Shares of NYSE:HPQ opened at $25.55 on Thursday. The business’s fifty day moving average price is $20.29 and its two-hundred day moving average price is $21.11. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ) last announced 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. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts expect that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is presently 45.45%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPQ shares. UBS Group lowered their price objective on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley upped their price target on HP from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, May 21st. Wells Fargo & Company lowered their price target on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Barclays lowered their price target on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $21.67.

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.