HP Inc. $HPQ Stake Boosted by Morningstar Investment Management LLC

Morningstar Investment Management LLC lifted its stake in HP Inc. (NYSE:HPQ) by 220.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,978 shares of the computer maker’s stock after acquiring an additional 165,740 shares during the quarter. Morningstar Investment Management LLC’s holdings in HP were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares during the last quarter. State Street Corp increased its position in HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares during the last quarter. Geode Capital Management LLC increased its position in HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares during the last quarter. Invesco Ltd. raised its stake in shares of HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after purchasing an additional 4,542,339 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. Citigroup boosted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America raised 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. TD Cowen lifted their target price 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. The Goldman Sachs Group boosted their target price on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.33.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

HP Stock Performance

HPQ opened at $25.82 on Friday. The company has a market cap of $23.61 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 4.14 and a beta of 1.19. The stock has a 50-day moving average of $24.14 and a 200-day moving average of $21.20. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating 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 business 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 earned $0.71 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, research analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. HP’s dividend payout ratio (DPR) is currently 44.28%.

About HP

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.