Sanctuary Advisors LLC Acquires Shares of 44,035 HP Inc. $HPQ

Sanctuary Advisors LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 44,035 shares of the computer maker’s stock, valued at approximately $966,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in HP in the 2nd quarter worth approximately $2,357,757,000. State Street Corp grew its position in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC grew its position in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Invesco Ltd. increased its holdings in shares of HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of HP by 50.2% in the fourth quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after purchasing an additional 4,542,339 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent research reports. Citigroup boosted their price objective on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. TD Cowen raised their target price on HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday. Bank of America reiterated an “underperform” rating on shares of HP in a report on Thursday. Morgan Stanley lowered their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $24.83.

HP Stock Performance

Shares of HP stock opened at $29.69 on Friday. The firm has a market capitalization of $27.15 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 5.05 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The stock has a 50 day moving average of $26.24 and a 200 day moving average of $22.71.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 762.90% and a net margin of 4.14%.The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Analysts forecast that HP Inc. will post 3.04 EPS for the current year.

HP Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. HP’s dividend payout ratio is presently 45.80%.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Results exceeded expectations: Fiscal Q3 non-GAAP EPS was $0.83 on revenue of $15.7 billion, versus estimates of approximately $0.66–$0.75 EPS and $14.4 billion in revenue. Revenue increased 12.5% year over year, led by an 18% increase in Personal Systems revenue. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Outlook was raised: HP increased its fiscal 2026 EPS and free-cash-flow guidance. Fourth-quarter adjusted EPS guidance of $0.69–$0.79 also exceeded the consensus estimate of $0.67, with price increases, premium and AI-enabled PCs, and expected tariff refunds helping offset higher component costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Positive Sentiment: Shareholder returns remained supportive: HP generated $1.6 billion in free cash flow and returned roughly $574 million through dividends and share repurchases. Analysts also raised some forecasts following the earnings report. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Neutral Sentiment: AI PCs are a potential growth driver: Management highlighted premium product mix and AI-PC demand as part of a possible margin recovery into fiscal 2027, but investors remain divided on how quickly these trends can translate into sustainable profitability.
• Negative Sentiment: Margins and earnings quality raised concerns: Non-GAAP operating margin fell to 6.5% from 7.1% a year earlier, while GAAP net income declined 13% and GAAP EPS fell to $0.71. Memory-chip inflation and other costs are pressuring profitability, and the quarter’s non-GAAP EPS benefited by $0.11 from tariff refunds. HP falls amid concerns over margins and PC unit shipments decline
• Negative Sentiment: Demand trends were mixed: Higher pricing helped lift revenue despite fewer PC shipments, while Printing revenue declined 2%. Following an almost 50% recent rally, investors appear to have demanded stronger evidence that growth and margin recovery can continue. HP: Double Earnings Beat, Raised Guidance, But Near 50% Rally Keeps Me Cautious

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.