Allstate Corp Buys 33,010 Shares of HP Inc. $HPQ

Allstate Corp raised its stake in shares of HP Inc. (NYSE:HPQ) by 92.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,885 shares of the computer maker’s stock after acquiring an additional 33,010 shares during the quarter. Allstate Corp’s holdings in HP were worth $1,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garner Asset Management Corp bought a new stake in HP during the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC purchased a new position in HP in the 4th quarter worth $26,000. Sound Income Strategies LLC raised its stake in shares of HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after buying an additional 646 shares during the last quarter. Caitlin John LLC purchased a new position in shares of HP during the 3rd quarter valued at about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of HP during the 4th quarter valued at about $32,000. Institutional investors own 77.53% of the company’s stock.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HPQ beat Q2 earnings and revenue expectations, showing stronger-than-expected demand in Personal Systems and healthy top-line growth. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Analysts raised price targets after the report, signaling improved confidence in HP’s near-term execution and earnings power. Why HP Stock Is Surging On Friday?
• Neutral Sentiment: Management’s earnings call pointed to AI growth opportunities, but also stressed the need to manage input costs and margin pressure carefully. HP Inc. Earnings Call Balances AI Growth And Costs
• Negative Sentiment: HP lowered its full-year outlook due to memory cost pressure and slowing unit demand, which could limit margin expansion and cap upside. HP beats Q2 estimates but trims full-year outlook on memory cost pressure
• Negative Sentiment: Bank of America and Morgan Stanley remained cautious, suggesting the quarter was strong but not yet enough to confirm a full turnaround. Bank of America sends tough message on HP stock

HP Trading Up 7.8%

NYSE:HPQ opened at $26.96 on Friday. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 6.86 and a beta of 1.09. The firm’s fifty day simple moving average is $20.59 and its 200 day simple moving average is $21.14. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.55.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, analysts predict that HP Inc. will post 2.87 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s payout ratio is currently 45.45%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HPQ shares. UBS Group lifted their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Bank of America upped their price objective on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group decreased their price objective on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, HP currently has an average rating of “Reduce” and an average price target of $23.08.

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.