Wellington Management Group LLP Boosts Holdings in HP Inc. $HPQ

Wellington Management Group LLP grew its position in shares of HP Inc. (NYSE:HPQ) by 9.1% in the second quarter, Holdings Channel reports. The firm owned 186,289 shares of the computer maker’s stock after purchasing an additional 15,596 shares during the period. Wellington Management Group LLP’s holdings in HP were worth $4,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HPQ. Baird Financial Group Inc. increased its stake in HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after acquiring an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after acquiring an additional 551 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings 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 worth $3,555,000 after purchasing an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of HP in the second quarter worth approximately $233,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research analyst reports. Zacks Research upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Monday. UBS Group raised their price objective on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. TD Cowen lifted their price objective on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $32.00 target price on shares of HP in a research report on Thursday, August 27th. Finally, Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, HP has an average rating of “Hold” and a consensus price target of $25.17.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 21,048 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 over the last ninety days. Insiders own 0.18% of the company’s stock.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: Enterprise AI partnership: HP is collaborating with Red Hat and NVIDIA on an enterprise AI platform designed to run production inference closer to users, applications, machines and data. The planned solution combines HP ZGX Fury systems, NVIDIA’s GB300 Grace Blackwell Ultra Desktop Superchip and Red Hat AI Factory, potentially expanding HP’s role in high-performance computing and edge AI. HP Extends Data-Center AI Architecture to the Edge
• Positive Sentiment: Analyst upgrade: Zacks Research upgraded HP from “hold” to “strong buy,” reinforcing the improving investment case and likely supporting investor confidence.
• Positive Sentiment: Industry demand: Zacks identified HP as a stock to buy within the computer and microcomputer industry, citing resilient demand for enterprise devices despite global macroeconomic challenges. HP was also included in Zacks’ list of broker-favored stocks and its Rank #1 income-stock selections. 2 Stocks to Buy Right Now From the Prospering Computer Industry
• Positive Sentiment: Options-market optimism: Traders purchased 110,665 HP call options, roughly 234% above typical volume, signaling unusually bullish short-term positioning, although options activity can be speculative.
• Neutral Sentiment: Dividend and investor communication: Recent coverage examined HP’s dividend and the company presented at the Goldman Sachs Communacopia + Technology Conference. These items may support income-oriented and long-term investor interest, but no major new financial guidance was highlighted. HP Inc’s Dividend Analysis

HP Price Performance

NYSE:HPQ opened at $32.48 on Thursday. The company has a market capitalization of $29.29 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.62 and a beta of 1.18. The business has a 50 day moving average of $27.80 and a 200 day moving average of $23.50. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.93.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business 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%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 3.23 EPS for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 45.80%.

HP 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.