South Dakota Investment Council Increases Holdings in HP Inc. $HPQ

South Dakota Investment Council increased its position in HP Inc. (NYSE:HPQ) by 18.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 715,294 shares of the computer maker’s stock after buying an additional 111,475 shares during the quarter. South Dakota Investment Council’s holdings in HP were worth $13,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Garner Asset Management Corp purchased a new position in shares of HP during the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP in the 4th quarter worth approximately $26,000. SHP Wealth Management purchased a new stake in shares of HP in the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its stake in shares of HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of HP during the 4th quarter valued at $28,000. 77.53% of the stock is currently owned by institutional investors.

HP Stock Up 0.5%

NYSE:HPQ opened at $28.42 on Thursday. The firm has a market capitalization of $25.99 billion, a P/E ratio of 10.49, a P/E/G ratio of 4.77 and a beta of 1.19. The company has a fifty day moving average of $24.54 and a 200 day moving average of $21.33. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. 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 anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. 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 4.2%. HP’s dividend payout ratio is presently 44.28%.

Analysts Set New Price Targets

HPQ has been the subject of several recent research reports. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. TD Cowen lifted their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group increased their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $23.33.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

HP Company 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.