Foster & Motley Inc. Reduces Holdings in HP Inc. $HPQ

Foster & Motley Inc. reduced its position in HP Inc. (NYSE:HPQ) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,627 shares of the computer maker’s stock after selling 25,545 shares during the quarter. Foster & Motley Inc.’s holdings in HP were worth $2,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. DNB Asset Management AS grew its holdings in shares of HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares in the last quarter. Norges Bank acquired a new position in HP during the fourth quarter worth about $149,309,000. Arrowstreet Capital Limited Partnership grew its stake in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after acquiring an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC raised its holdings in HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after acquiring an additional 5,325,260 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in HP by 626.6% in the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after purchasing an additional 4,267,600 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 0.1%

NYSE:HPQ opened at $22.91 on Friday. 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 $20.95 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 3.87 and a beta of 1.17. The stock has a fifty day moving average price of $22.90 and a 200 day moving average price of $21.20.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HPQ. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. upped their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Bank of America raised their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Finally, TD Cowen increased their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus target price 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.