VIRGINIA RETIREMENT SYSTEMS ET Al Sells 206,400 Shares of HP Inc. $HPQ

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 57.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,400 shares of the computer maker’s stock after selling 206,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in HP were worth $4,204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HPQ. State of Alaska Department of Revenue boosted its position in HP by 36.0% during the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after purchasing an additional 75,895 shares during the period. LBP AM SA bought a new position in shares of HP in the second quarter valued at about $7,279,000. Assenagon Asset Management S.A. lifted its stake in shares of HP by 3,365.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,396,782 shares of the computer maker’s stock worth $38,034,000 after buying an additional 1,356,479 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of HP by 6.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock worth $7,825,000 after buying an additional 18,240 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of HP by 3.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock worth $10,824,000 after buying an additional 13,686 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the transaction, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 110,123 shares of company stock worth $2,784,126. Corporate insiders own 0.38% of the company’s stock.

HP Price Performance

HP stock opened at $22.27 on Friday. The stock’s fifty day moving average price is $24.75 and its two-hundred day moving average price is $25.90. The firm has a market cap of $20.44 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 4.18 and a beta of 1.21. HP Inc. has a one year low of $21.21 and a one year high of $35.28.

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

HP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a $0.30 dividend. 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 boost from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio is presently 45.28%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HPQ. Morgan Stanley cut their price objective on shares of HP from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 26th. The Goldman Sachs Group lowered their target price on HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. UBS Group set a $24.00 price target on HP in a research note on Wednesday, November 26th. Citigroup decreased their price objective on HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Finally, Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.69.

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.