Hsbc Holdings PLC Buys 104,434 Shares of HP Inc. $HPQ

Hsbc Holdings PLC lifted its stake in shares of HP Inc. (NYSE:HPQ) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,687,733 shares of the computer maker’s stock after buying an additional 104,434 shares during the quarter. Hsbc Holdings PLC’s holdings in HP were worth $90,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after purchasing an additional 157,464 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of HP in the 4th quarter valued at approximately $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after purchasing an additional 103,175 shares in the last quarter. Finally, BNP Paribas boosted its position in shares of HP by 8,978.0% during the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after purchasing an additional 128,296 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HPQ. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group boosted their target price on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their target price 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. Bank of America increased their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Finally, Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and a consensus price target of $23.33.

HP Trading Down 0.0%

NYSE HPQ opened at $24.84 on Monday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The stock’s fifty day moving average price is $23.76 and its 200-day moving average price is $21.11. The stock has a market cap of $22.71 billion, a P/E ratio of 9.16, a P/E/G ratio of 4.19 and a beta of 1.19.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.8%. HP’s payout ratio is 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.