Groupe la Francaise Purchases 26,339 Shares of HP Inc. $HPQ

Groupe la Francaise boosted its holdings in HP Inc. (NYSE:HPQ) by 14.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 203,459 shares of the computer maker’s stock after purchasing an additional 26,339 shares during the quarter. Groupe la Francaise’s holdings in HP were worth $3,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of HP in the 4th quarter worth about $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of HP by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after acquiring an additional 103,175 shares during the last quarter. Finally, BNP Paribas lifted its position in HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after acquiring an additional 128,296 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HPQ shares. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Citigroup raised their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group upped their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, HP has a consensus rating of “Reduce” and a consensus price target of $23.33.

HP Stock Performance

HP stock opened at $27.32 on Friday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm’s 50-day simple moving average is $24.69 and its 200 day simple moving average is $21.41. The stock has a market cap of $24.99 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 4.53 and a beta of 1.19.

HP (NYSE:HPQ) last posted 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. 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 predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. HP’s dividend payout ratio (DPR) is currently 44.28%.

Insider Activity at HP

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

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.