Wellington Management Group LLP Acquires 15,596 Shares of HP Inc. $HPQ

Wellington Management Group LLP lifted its holdings in shares of HP Inc. (NYSE:HPQFree Report) by 9.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,289 shares of the computer maker’s stock after acquiring an additional 15,596 shares during the quarter. Wellington Management Group LLP’s holdings in HP were worth $4,087,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HPQ. SHP Wealth Management bought a new position in HP in the 4th quarter valued at $26,000. Union Savings Bank bought a new stake in shares of HP during the 4th quarter worth $28,000. DV Equities LLC purchased a new position in shares of HP in the 4th quarter worth about $29,000. Aberdeen Wealth Management LLC purchased a new position in shares of HP in the 2nd quarter worth about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in HP during the fourth quarter valued at about $32,000. 77.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider David McQuarrie sold 21,048 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore set a $32.00 price objective on shares of HP in a research report on Monday, August 24th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $32.00 price target on shares of HP in a report on Thursday, August 27th. Morgan Stanley dropped their price objective on HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, August 24th. Finally, Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, HP has an average rating of “Hold” and a consensus price target of $25.17.

Check Out Our Latest Report on HP

HP Stock Up 4.2%

Shares of NYSE:HPQ opened at $32.48 on Thursday. The firm has a market capitalization of $29.29 billion, a PE ratio of 12.40, a P/E/G ratio of 1.62 and a beta of 1.18. The company has a 50-day moving average price of $27.80 and a two-hundred day moving average price of $23.50. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.93.

HP (NYSE:HPQGet Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same period last year, the firm earned $0.75 EPS. HP’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Analysts anticipate that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Dividend Announcement

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

More HP News

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 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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