CX Institutional Acquires 27,511 Shares of HP Inc. $HPQ

CX Institutional boosted its stake in shares of HP Inc. (NYSE:HPQ) by 7.2% in the second quarter, Holdings Channel reports. The institutional investor owned 410,288 shares of the computer maker’s stock after acquiring an additional 27,511 shares during the period. CX Institutional’s holdings in HP were worth $9,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HPQ. Baird Financial Group Inc. grew its stake in HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of 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 last quarter. Daiwa Securities Group Inc. lifted its position in shares of 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 last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of HP by 70.5% in the 2nd 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 in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of HP in the 2nd quarter valued at about $233,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Citigroup raised their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley upped their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group increased their price objective on HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $23.33.

HP Stock Performance

Shares of HPQ stock opened at $27.15 on Tuesday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm has a market capitalization of $24.83 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 4.60 and a beta of 1.19. The stock’s 50-day simple moving average is $24.72 and its 200-day simple moving average is $21.45.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue 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. As a group, equities analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. HP’s dividend payout ratio (DPR) is currently 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total transaction of $294,461.52. Following the completion of the sale, the insider directly owned 81,676 shares in the company, valued at approximately $2,285,294.48. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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.