Groupe la Francaise Buys 26,339 Shares of HP Inc. $HPQ

Groupe la Francaise grew its stake in HP Inc. (NYSE:HPQ) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,459 shares of the computer maker’s stock after purchasing an additional 26,339 shares during the period. Groupe la Francaise’s holdings in HP were worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of HP by 1.9% during the fourth 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in HP by 8.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after acquiring an additional 157,464 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in HP during the 4th quarter valued at approximately $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in HP by 5.5% during the 4th 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 during the period. Finally, BNP Paribas raised its holdings in HP by 8,978.0% during the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after purchasing an additional 128,296 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total transaction of $294,461.52. Following the transaction, the insider owned 81,676 shares in the company, valued at approximately $2,285,294.48. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Morgan Stanley increased their price objective on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Wells Fargo & Company lifted their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Barclays upped their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Citigroup increased their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $23.33.

HP Stock Performance

HP stock opened at $27.32 on Friday. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 4.53 and a beta of 1.19. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The stock’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $21.41.

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

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 44.28%.

HP 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.