Keybank National Association OH Decreases Position in HP Inc. $HPQ

Keybank National Association OH lowered its stake in shares of HP Inc. (NYSE:HPQ) by 21.5% during the first quarter, Holdings Channel reports. The fund owned 115,220 shares of the computer maker’s stock after selling 31,502 shares during the period. Keybank National Association OH’s holdings in HP were worth $2,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. Vanguard Group Inc. increased its holdings in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. State Street Corp grew its position in shares of HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HP by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after buying an additional 274,033 shares during the period. Invesco Ltd. lifted its stake in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after acquiring an additional 3,671,511 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after acquiring an additional 4,542,339 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Price Performance

Shares of HP stock opened at $21.95 on Monday. The firm’s fifty day simple moving average is $23.10 and its 200-day simple moving average is $21.07. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 3.70 and a beta of 1.19.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm 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. Analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on HPQ. Citigroup raised their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Bank of America raised their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Wells Fargo & Company upped their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised their target price on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Two equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $23.33.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

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.