HP Inc. $HPQ Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its stake in shares of HP Inc. (NYSE:HPQ) by 26.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,003 shares of the computer maker’s stock after selling 25,739 shares during the period. Ritholtz Wealth Management’s holdings in HP were worth $1,364,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in HP by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in shares of HP in the 3rd quarter worth $22,601,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of HP in the fourth quarter valued at about $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after acquiring an additional 103,175 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HPQ shares. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Citigroup raised their price objective 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. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. 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. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two equities research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $23.33.

HP Stock Performance

Shares of NYSE HPQ opened at $22.91 on Monday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65. The stock’s 50-day simple moving average is $22.90 and its 200-day simple moving average is $21.17. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 3.86 and a beta of 1.16.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. HP’s dividend payout ratio (DPR) is presently 44.28%.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of HP 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 completion of the sale, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

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.