KBC Group NV Grows Stock Holdings in HP Inc. $HPQ

KBC Group NV increased its stake in HP Inc. (NYSE:HPQ) by 19.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,499,371 shares of the computer maker’s stock after buying an additional 245,508 shares during the period. KBC Group NV’s holdings in HP were worth $28,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HPQ. Baird Financial Group Inc. raised its position in shares of HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL grew its position in HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after purchasing an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after buying an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of HP in the second quarter worth approximately $233,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Up 2.3%

NYSE:HPQ opened at $24.79 on Wednesday. The company has a 50 day simple moving average of $23.88 and a two-hundred day simple moving average of $21.13. The company has a market cap of $22.67 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 4.09 and a beta of 1.19. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65.

HP (NYSE:HPQ) last released its quarterly earnings results 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period last year, the business posted $0.71 EPS. 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. Research analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction 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. This represents a 10.24% decrease in their position. 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. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HPQ. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. UBS Group increased their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group boosted their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Morgan Stanley upped their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target 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.