Westpac Banking Corp Sells 87,701 Shares of HP Inc. $HPQ

Westpac Banking Corp lessened its stake in shares of HP Inc. (NYSE:HPQ) by 64.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,785 shares of the computer maker’s stock after selling 87,701 shares during the quarter. Westpac Banking Corp’s holdings in HP were worth $1,065,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Applied Finance Capital Management LLC boosted its holdings in shares of HP by 8.4% during the 3rd quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock valued at $33,139,000 after acquiring an additional 94,494 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of HP by 1.9% during 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 acquiring an additional 2,435,634 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of HP by 34.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock valued at $10,685,000 after acquiring an additional 102,825 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of HP by 8.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after acquiring an additional 157,464 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of HP during the 3rd quarter valued at about $22,601,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HPQ. UBS Group raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Barclays raised their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Citigroup raised their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Evercore set a $22.00 price objective on shares of HP in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus price target of $23.33.

HP Price Performance

Shares of NYSE:HPQ opened at $26.05 on Thursday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a market capitalization of $23.82 billion, a P/E ratio of 9.61, a P/E/G ratio of 4.60 and a beta of 1.17. The firm’s 50 day simple moving average is $21.14 and its two-hundred day simple moving average is $21.17.

HP (NYSE:HPQ) last issued 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’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. On average, sell-side analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. HP’s dividend payout ratio (DPR) is presently 44.28%.

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.