Barnett & Company Inc. Sells 57,625 Shares of HP Inc. $HPQ

Barnett & Company Inc. lowered its position in shares of HP Inc. (NYSE:HPQ) by 84.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,250 shares of the computer maker’s stock after selling 57,625 shares during the quarter. Barnett & Company Inc.’s holdings in HP were worth $197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of HP by 1.9% in the fourth 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 in the last quarter. State Street Corp grew its position in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC grew its position in HP by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after buying an additional 274,033 shares in the last quarter. Invesco Ltd. increased its stake in HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after acquiring an additional 3,671,511 shares during the period. Finally, AQR Capital Management LLC raised its holdings in HP by 50.2% in the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after acquiring an additional 4,542,339 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Up 0.4%

NYSE:HPQ opened at $24.23 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The stock’s 50-day simple moving average is $23.46 and its 200 day simple moving average is $21.07. The firm has a market capitalization of $22.16 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 4.07 and a beta of 1.19.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 5.0%. HP’s dividend payout ratio is presently 44.28%.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction that occurred 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 owned 92,200 shares in the company, valued at $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on HPQ shares. The Goldman Sachs Group upped their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Citigroup raised their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Barclays upped their price target on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $23.33.

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.