Dimensional Fund Advisors LP Reduces Holdings in HP Inc. $HPQ

Dimensional Fund Advisors LP reduced its stake in shares of HP Inc. (NYSE:HPQ) by 3.9% in the 1st quarter, HoldingsChannel reports. The firm owned 4,419,534 shares of the computer maker’s stock after selling 181,356 shares during the quarter. Dimensional Fund Advisors LP’s holdings in HP were worth $84,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. IHT Wealth Management LLC lifted its position in shares of HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 398 shares in the last quarter. Vident Advisory LLC increased its position in HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares in the last quarter. Vise Technologies Inc. increased its position in HP by 2.4% during the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after purchasing an additional 477 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in HP by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HPQ. Wells Fargo & Company raised their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. TD Cowen raised their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley lifted their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $23.33.

HP Stock Down 5.2%

HPQ stock opened at $26.93 on Friday. The company has a market cap of $24.63 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 4.79 and a beta of 1.19. The business has a fifty day simple moving average of $24.64 and a 200-day simple moving average of $21.37. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. 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, analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.98, for a total transaction of $294,461.52. Following the completion of the sale, the insider owned 81,676 shares in the company, valued at approximately $2,285,294.48. The trade was a 11.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

HP Company 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.