HP Inc. $HPQ Stake Reduced by Shell Asset Management Co.

Shell Asset Management Co. trimmed its holdings in HP Inc. (NYSE:HPQ) by 66.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,657 shares of the computer maker’s stock after selling 55,069 shares during the quarter. Shell Asset Management Co.’s holdings in HP were worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HPQ. Richardson Financial Services Inc. raised its holdings in shares of HP by 14.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after purchasing an additional 367 shares in the last quarter. Auxano Advisors LLC grew its position in HP by 4.4% in the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after buying an additional 391 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of HP by 42.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock valued at $37,000 after acquiring an additional 405 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of HP by 6.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPQ. TD Cowen cut their target price on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Barclays reissued an “underweight” rating and issued a $18.00 price target (down previously from $24.00) on shares of HP in a research note on Friday, January 16th. Bank of America restated an “underperform” rating and set a $20.00 price objective (down previously from $26.00) on shares of HP in a report on Tuesday, February 3rd. UBS Group set a $24.00 target price on shares of HP in a report on Wednesday, November 26th. Finally, Argus upgraded shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $24.31.

Insider Activity

In related news, insider Anneliese Olson sold 16,726 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the sale, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 91,969 shares of company stock worth $2,277,993 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

HP Trading Up 2.0%

Shares of NYSE HPQ opened at $19.25 on Tuesday. HP Inc. has a one year low of $18.26 and a one year high of $35.28. The business has a 50-day moving average price of $21.41 and a two-hundred day moving average price of $24.79. The firm has a market capitalization of $17.67 billion, a PE ratio of 7.26, a PEG ratio of 0.30 and a beta of 1.21.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. HP’s dividend payout ratio (DPR) is 45.28%.

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.