SteelPeak Wealth LLC Boosts Stake in HP Inc. $HPQ

SteelPeak Wealth LLC lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 66.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,301 shares of the computer maker’s stock after buying an additional 67,834 shares during the period. SteelPeak Wealth LLC’s holdings in HP were worth $4,659,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC boosted its holdings in shares of HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in HP during the second quarter valued at approximately $27,000. Global Trust Asset Management LLC boosted its holdings in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in HP by 72.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares during the period. Finally, Corsicana & Co. bought a new stake in HP in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Down 2.8%

NYSE HPQ opened at $22.27 on Friday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $35.28. The company has a market capitalization of $20.44 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 4.18 and a beta of 1.21. The stock’s 50-day moving average price is $24.75 and its 200-day moving average price is $25.90.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is 45.28%.

Insider Activity at HP

In related news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following the sale, the chief executive officer directly owned 141,456 shares in the company, valued at approximately $3,677,856. This represents a 22.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HPQ shares. UBS Group set a $24.00 price target on HP in a research note on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a research report on Monday, December 1st. The Goldman Sachs Group lowered their price objective on shares of HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Finally, Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, HP has an average rating of “Hold” and an average price target of $25.69.

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.