Richard Bernstein Advisors LLC Sells 36,338 Shares of HP Inc. $HPQ

Richard Bernstein Advisors LLC cut its stake in shares of HP Inc. (NYSE:HPQ) by 51.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,557 shares of the computer maker’s stock after selling 36,338 shares during the period. Richard Bernstein Advisors LLC’s holdings in HP were worth $941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of HP by 11.4% during the third quarter. Bank of Montreal Can now owns 757,227 shares of the computer maker’s stock worth $20,619,000 after acquiring an additional 77,362 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of HP by 7.3% during the third quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker’s stock worth $235,627,000 after purchasing an additional 586,694 shares during the period. Fieldview Capital Management LLC purchased a new stake in HP in the 3rd quarter worth approximately $4,752,000. Russell Investments Group Ltd. increased its position in HP by 24.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 716,091 shares of the computer maker’s stock valued at $19,483,000 after purchasing an additional 140,730 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of HP during the third quarter valued at about $2,326,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HPQ. JPMorgan Chase & Co. decreased their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. UBS Group reduced their price objective on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Bank of America reiterated an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Finally, Argus raised shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $21.58.

HP Stock Performance

Shares of NYSE:HPQ opened at $18.78 on Wednesday. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 5.26 and a beta of 1.18. The firm has a fifty day moving average price of $19.75 and a 200 day moving average price of $23.95. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.89.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio is presently 45.45%.

Insider Buying and Selling at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares in the company, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.