Natixis Advisors LLC Sells 316,538 Shares of HP Inc. $HPQ

Natixis Advisors LLC lowered its stake in shares of HP Inc. (NYSE:HPQ) by 24.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 965,355 shares of the computer maker’s stock after selling 316,538 shares during the period. Natixis Advisors LLC’s holdings in HP were worth $21,508,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in HPQ. Baird Financial Group Inc. grew its position in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after buying an additional 13,265 shares during the period. Gamco Investors INC. ET AL grew its position in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after buying an additional 551 shares during the period. Daiwa Securities Group Inc. grew its position in HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares during the period. Treasurer of the State of North Carolina grew its position in HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after buying an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC bought a new position in HP during the second quarter valued at about $233,000. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of several recent research reports. TD Cowen upped their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Barclays upped 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Morgan Stanley upped their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, UBS Group upped their price objective on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, HP presently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Trading Down 2.7%

Shares of HP stock opened at $25.59 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 4.44 and a beta of 1.17. The company’s 50-day moving average price is $21.41 and its 200-day moving average price is $21.21.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. 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, sell-side analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s dividend payout ratio is presently 44.28%.

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.