SG Americas Securities LLC Sells 381,389 Shares of HP Inc. $HPQ

SG Americas Securities LLC lessened its stake in shares of HP Inc. (NYSE:HPQ) by 21.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,407,607 shares of the computer maker’s stock after selling 381,389 shares during the period. SG Americas Securities LLC’s holdings in HP were worth $27,040,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. 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 worth $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of HP by 8.6% in the fourth 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 in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of HP in the third quarter valued at about $22,601,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of HP in the fourth quarter worth about $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after purchasing an additional 103,175 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.8%

Shares of HP stock opened at $23.23 on Thursday. The stock has a 50 day moving average of $22.75 and a 200 day moving average of $21.21. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The firm has a market cap of $21.25 billion, a PE ratio of 8.57, a PEG ratio of 3.99 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for 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 company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. 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, equities research analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Analyst Ratings Changes

HPQ has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Citigroup increased their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Bank of America lifted their price objective on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two 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 company’s stock. Based on data from MarketBeat, HP has an average rating of “Reduce” and a consensus target price of $23.33.

Insiders Place Their Bets

In related news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

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.