Saudi Central Bank Raises Stake in HP Inc. $HPQ

Saudi Central Bank increased its position in HP Inc. (NYSE:HPQ) by 88.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,019 shares of the computer maker’s stock after buying an additional 30,135 shares during the period. Saudi Central Bank’s holdings in HP were worth $1,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. lifted its position in shares of HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after buying an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after acquiring an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after buying an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in shares of HP during the second quarter worth approximately $233,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HPQ shares. Evercore set a $32.00 target price on HP in a report on Monday, August 24th. The Goldman Sachs Group raised their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Wells Fargo & Company upped their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, UBS Group boosted their target price on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, HP presently has a consensus rating of “Reduce” and an average price target of $25.17.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

HP Stock Down 4.6%

HP stock opened at $31.15 on Wednesday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.78. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.18. The business’s 50-day moving average price is $27.59 and its 200 day moving average price is $23.40.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter last year, the company earned $0.75 EPS. The business’s revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that HP Inc. will post 3.23 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 dividend on an annualized basis and a yield of 3.9%. HP’s dividend payout ratio is presently 45.80%.

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.