Cibc World Market Inc. Increases Stake in HP Inc. $HPQ

Cibc World Market Inc. boosted its stake in HP Inc. (NYSE:HPQ) by 22.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,804 shares of the computer maker’s stock after buying an additional 61,244 shares during the period. Cibc World Market Inc.’s holdings in HP were worth $8,953,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HPQ. Norges Bank bought a new position in shares of HP in the 2nd quarter worth approximately $91,698,000. Qube Research & Technologies Ltd bought a new stake in shares of HP during the 2nd quarter valued at $74,385,000. Vanguard Group Inc. grew its position in shares of HP by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock worth $3,095,078,000 after buying an additional 2,395,056 shares during the period. First Trust Advisors LP grew its position in shares of HP by 93.9% in the 2nd quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock worth $119,226,000 after buying an additional 2,360,678 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of HP by 76.2% in the 2nd quarter. Schroder Investment Management Group now owns 4,662,544 shares of the computer maker’s stock worth $114,046,000 after acquiring an additional 2,016,756 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

HP Trading Up 2.0%

Shares of HPQ opened at $19.25 on Friday. The firm has a market cap of $17.67 billion, a PE ratio of 7.26, a P/E/G ratio of 0.29 and a beta of 1.21. HP Inc. has a 1-year low of $18.26 and a 1-year high of $35.28. The firm has a fifty day simple moving average of $21.53 and a two-hundred day simple moving average of $24.84.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 330.68% and a net margin of 4.57%.HP’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.2%. HP’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. Argus raised HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. cut their target price on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. The Goldman Sachs Group downgraded HP from a “neutral” rating to a “sell” rating and set a $21.00 price target for the company. in a report on Tuesday, January 13th. Citigroup reduced their price objective on shares of HP from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, January 20th. Finally, Morgan Stanley cut their price target on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $24.31.

Insider Activity

In other news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider directly owned 34,572 shares in the company, valued at $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction on Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following the transaction, the chief executive officer owned 141,456 shares in the company, valued at $3,677,856. This trade represents a 22.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,969 shares of company stock valued at $2,277,993 in the last 90 days. Company insiders own 0.38% 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.