Cullinan Associates Inc. Has $3.63 Million Stake in HP Inc. $HPQ

Cullinan Associates Inc. raised its stake in HP Inc. (NYSE:HPQ) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,787 shares of the computer maker’s stock after purchasing an additional 36,062 shares during the period. Cullinan Associates Inc.’s holdings in HP were worth $3,627,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HPQ. Garner Asset Management Corp bought a new position in shares of HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in HP in the fourth quarter worth about $26,000. SHP Wealth Management bought a new position in HP during the fourth quarter valued at $26,000. Sound Income Strategies LLC increased its holdings in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares during the last quarter. Finally, Union Savings Bank purchased a new stake in shares of HP during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity

In related news, insider David P. Mcquarrie sold 10,524 shares of HP 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 completion of the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal 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 currently owned by company insiders.

HP Stock Performance

Shares of HPQ traded up $0.10 during trading hours on Friday, hitting $24.23. The company had a trading volume of 11,020,734 shares, compared to its average volume of 14,595,266. The firm has a fifty day moving average price of $23.46 and a 200-day moving average price of $21.07. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 4.09 and a beta of 1.19.

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 the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last 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. Research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 5.0%. HP’s dividend payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company raised their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Barclays increased their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $23.33.

HP 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.