JPMorgan Chase & Co. Has $150 Million Stock Holdings in HP Inc. $HPQ

JPMorgan Chase & Co. lowered its stake in HP Inc. (NYSE:HPQ) by 11.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,132,312 shares of the computer maker’s stock after selling 787,222 shares during the quarter. JPMorgan Chase & Co. owned about 0.65% of HP worth $149,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of HP by 36.0% in the 2nd 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 period. LBP AM SA bought a new stake in HP in the second quarter valued at approximately $7,279,000. Jump Financial LLC acquired a new stake in HP in the first quarter worth $6,359,000. Resona Asset Management Co. Ltd. boosted its position in shares of HP by 6.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock worth $7,825,000 after purchasing an additional 18,240 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of HP by 3.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock valued at $10,824,000 after buying an additional 13,686 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on HPQ shares. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. The Goldman Sachs Group cut their price objective on HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Evercore ISI cut their price target on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.69.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is currently owned by insiders.

HP Stock Performance

NYSE:HPQ opened at $23.97 on Thursday. The stock has a 50-day simple moving average of $26.43 and a 200 day simple moving average of $26.38. HP Inc. has a 52-week low of $21.21 and a 52-week high of $37.50. The company has a market cap of $22.40 billion, a PE ratio of 8.75, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.0%. The ex-dividend date is Thursday, December 11th. This is an increase from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is presently 43.40%.

HP Company 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.