Banque Cantonale Vaudoise Sells 51,707 Shares of HP Inc. $HPQ

Banque Cantonale Vaudoise lessened its holdings in HP Inc. (NYSE:HPQ) by 50.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,416 shares of the computer maker’s stock after selling 51,707 shares during the period. Banque Cantonale Vaudoise’s holdings in HP were worth $987,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Apella Capital LLC raised its stake in HP by 15.9% in the first quarter. Apella Capital LLC now owns 15,366 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 2,107 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of HP by 193.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 207,578 shares of the computer maker’s stock valued at $3,988,000 after buying an additional 136,741 shares in the last quarter. Centennial Wealth Advisory LLC raised its position in shares of HP by 13.0% during the 1st quarter. Centennial Wealth Advisory LLC now owns 22,184 shares of the computer maker’s stock valued at $426,000 after buying an additional 2,544 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of HP by 42.9% during the 1st quarter. Cidel Asset Management Inc. now owns 23,304 shares of the computer maker’s stock worth $448,000 after acquiring an additional 6,997 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in HP in the first quarter worth $343,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.1%

HPQ opened at $22.91 on Friday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The business’s 50-day moving average price is $22.90 and its 200-day moving average price is $21.20. The company has a market cap of $20.95 billion, a P/E ratio of 8.45, a P/E/G ratio of 3.86 and a beta of 1.17.

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 the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities research analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is currently 44.28%.

Insider Activity

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider owned 92,200 shares in the company, valued at $2,275,496. The trade was a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

HPQ has been the topic of a number of research analyst reports. Wells Fargo & Company increased their target price on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. increased their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Bank of America raised their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $23.33.

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.