Crossmark Global Holdings Inc. Reduces Stock Holdings in HP Inc. $HPQ

Crossmark Global Holdings Inc. trimmed its holdings in HP Inc. (NYSE:HPQ) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 587,493 shares of the computer maker’s stock after selling 46,187 shares during the period. Crossmark Global Holdings Inc.’s holdings in HP were worth $15,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC raised its position 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 worth $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in HP during the 2nd quarter valued at $27,000. Westfuller Advisors LLC acquired a new stake in HP during the 3rd quarter valued at $28,000. Cary Street Partners Investment Advisory LLC increased its position in HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after buying an additional 512 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of HP in the third quarter worth $30,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In other HP news, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The SEC filing for this sale provides additional information. 0.18% of the stock is owned by insiders.

HP Trading Up 0.8%

Shares of HP stock opened at $19.33 on Friday. The business’s fifty day moving average price is $19.98 and its 200 day moving average price is $24.16. HP Inc. has a twelve month low of $17.56 and a twelve month high of $30.61. The stock has a market capitalization of $17.68 billion, a P/E ratio of 7.32, a PEG ratio of 5.33 and a beta of 1.18.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is 45.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HPQ. Sanford C. Bernstein reiterated a “market perform” rating on shares of HP in a research report on Monday, December 1st. Argus upgraded shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. TD Cowen cut their price objective on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, Citigroup lowered their target price on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $21.58.

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.