HighTower Advisors LLC Lowers Holdings in HP Inc. $HPQ

Posted by Stanley Muller on May 30th, 2026

HighTower Advisors LLC decreased its holdings in HP Inc. (NYSE:HPQ – Free Report) by 14.7% in the 4th quarter, HoldingsChannel reports. The firm owned 162,466 shares of the computer maker’s stock after selling 28,004 shares during the quarter. HighTower Advisors LLC’s holdings in HP were worth $3,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. North Dakota State Investment Board purchased a new position in shares of HP in the fourth quarter valued at approximately $721,000. Abacus Wealth Partners LLC purchased a new position in shares of HP in the fourth quarter valued at approximately $390,000. Soltis Investment Advisors LLC purchased a new position in shares of HP in the fourth quarter valued at approximately $202,000. Beese Fulmer Investment Management Inc. purchased a new position in shares of HP in the fourth quarter valued at approximately $412,000. Finally, Canada Post Corp Registered Pension Plan boosted its stake in shares of HP by 57.8% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 13,617 shares of the computer maker’s stock valued at $303,000 after purchasing an additional 4,990 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Up 7.8%

HPQ stock opened at $26.96 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.55. The company’s 50 day moving average is $20.59 and its two-hundred day moving average is $21.14. The stock has a market cap of $24.66 billion, a P/E ratio of 9.95, a PEG ratio of 6.86 and a beta of 1.09.

HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’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. On average, equities research analysts predict that HP Inc. will post 2.87 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. HP’s dividend payout ratio (DPR) is presently 45.45%.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

Positive Sentiment: HPQ beat Q2 earnings and revenue expectations, showing stronger-than-expected demand in Personal Systems and healthy top-line growth. HP Inc. Reports Fiscal 2026 Second Quarter Results
Positive Sentiment: Analysts raised price targets after the report, signaling improved confidence in HP’s near-term execution and earnings power. Why HP Stock Is Surging On Friday?
Neutral Sentiment: Management’s earnings call pointed to AI growth opportunities, but also stressed the need to manage input costs and margin pressure carefully. HP Inc. Earnings Call Balances AI Growth And Costs
Negative Sentiment: HP lowered its full-year outlook due to memory cost pressure and slowing unit demand, which could limit margin expansion and cap upside. HP beats Q2 estimates but trims full-year outlook on memory cost pressure
Negative Sentiment: Bank of America and Morgan Stanley remained cautious, suggesting the quarter was strong but not yet enough to confirm a full turnaround. Bank of America sends tough message on HP stock

Analyst Ratings Changes

HPQ has been the subject of several recent research reports. Evercore set a $22.00 price objective on shares of HP in a research note on Thursday, February 19th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. TD Cowen raised their target price on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday. Bank of America raised their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday. Finally, UBS Group raised their target price on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $23.08.

Read Our Latest Research Report on HP

HP Profile

(Free Report)

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.