National Pension Service Has $47.37 Million Stock Holdings in HP Inc. $HPQ

National Pension Service lessened its holdings in HP Inc. (NYSE:HPQ) by 42.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,159,067 shares of the computer maker’s stock after selling 1,561,053 shares during the quarter. National Pension Service’s holdings in HP were worth $47,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. lifted its holdings in shares of HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL grew its holdings 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. grew its holdings in HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after buying an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in 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 during the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of HP during the 2nd quarter worth $233,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Barclays upped their target price on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. The Goldman Sachs Group increased their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Bank of America reiterated an “underperform” rating on shares of HP in a report on Thursday, August 27th. Finally, Evercore set a $32.00 price target on shares of HP in a research report on Monday, August 24th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.77.

HP Price Performance

NYSE:HPQ opened at $35.42 on Friday. The business has a fifty day moving average price of $28.29 and a 200-day moving average price of $23.69. HP Inc. has a one year low of $17.56 and a one year high of $36.22. The firm has a market capitalization of $31.94 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that HP Inc. will post 3.23 earnings per share for the current fiscal 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 paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 3.4%. HP’s payout ratio is presently 45.80%.

Insider Activity at HP

In related news, insider David McQuarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,096 shares of company stock valued at $1,218,890 in the last quarter. 0.18% of the stock is currently owned by insiders.

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.