46,800 Shares in HP Inc. $HPQ Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,800 shares of the computer maker’s stock, valued at approximately $899,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. Garner Asset Management Corp purchased a new stake in shares of HP during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of HP in the 4th quarter valued at about $26,000. SHP Wealth Management acquired a new position in HP in the 4th quarter worth about $26,000. Sound Income Strategies LLC boosted its position in HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares in the last quarter. Finally, Union Savings Bank acquired a new stake in HP in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction 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 directly owned 92,200 shares of the company’s stock, valued at $2,275,496. This trade represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HPQ shares. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. boosted their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Barclays increased their price objective on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Morgan Stanley boosted their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Price Performance

HPQ opened at $21.95 on Monday. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 3.70 and a beta of 1.19. The company’s 50 day simple moving average is $23.10 and its two-hundred day simple moving average is $21.07. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65.

HP (NYSE:HPQ) last posted its quarterly 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the business earned $0.71 earnings per share. The business’s revenue 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 analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

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.