Choreo LLC Reduces Stake in HP Inc. $HPQ

Choreo LLC lessened its stake in shares of HP Inc. (NYSE:HPQ) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,086 shares of the computer maker’s stock after selling 4,008 shares during the period. Choreo LLC’s holdings in HP were worth $1,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in HP by 36.0% in the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after acquiring an additional 75,895 shares during the last quarter. LBP AM SA purchased a new stake in HP in the second quarter valued at $7,279,000. Jump Financial LLC acquired a new position in shares of HP in the 1st quarter valued at $6,359,000. Resona Asset Management Co. Ltd. lifted its stake in shares of HP by 6.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock valued at $7,825,000 after purchasing an additional 18,240 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of HP by 3.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock worth $10,824,000 after purchasing an additional 13,686 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. This trade represents a 99.99% decrease in their position. The SEC filing for this sale provides additional information. 0.38% of the stock is owned by company insiders.

HP Stock Up 1.7%

Shares of HPQ opened at $24.39 on Friday. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $36.93. The firm’s 50 day moving average price is $26.27 and its 200 day moving average price is $26.33. The company has a market cap of $22.80 billion, a P/E ratio of 8.90, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.30 per share. This is a positive change from HP’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 4.9%. HP’s dividend payout ratio (DPR) is currently 43.40%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday. Sanford C. Bernstein began coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target on the stock. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. 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. Finally, Bank of America decreased their price target on HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.69.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.