HP Inc. $HPQ Shares Sold by Delta Global Management LP

Delta Global Management LP lessened its stake in HP Inc. (NYSE:HPQ) by 31.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,570 shares of the computer maker’s stock after selling 22,924 shares during the quarter. Delta Global Management LP’s holdings in HP were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HPQ. Garner Asset Management Corp acquired a new position in shares of HP in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of HP in the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings 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 during the last quarter. Caitlin John LLC acquired a new position in shares of HP in the 3rd quarter valued at $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of HP in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

Shares of HP stock opened at $24.29 on Wednesday. The firm has a market cap of $22.21 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 4.15 and a beta of 1.17. The firm’s 50-day simple moving average is $22.18 and its 200-day simple moving average is $21.27. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65.

HP (NYSE:HPQ) last issued its earnings results 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 business had revenue of $14.41 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, equities analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is currently 44.28%.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. This represents a 10.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Evercore set a $22.00 price target on shares of HP in a report on Thursday, February 19th. The Goldman Sachs Group lifted their target price on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. Citigroup lifted their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Barclays lifted their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $23.33.

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.