Glenmede Trust Co. NA Cuts Holdings in HP Inc. $HPQ

Glenmede Trust Co. NA decreased its holdings in HP Inc. (NYSE:HPQ) by 64.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,148 shares of the computer maker’s stock after selling 177,539 shares during the period. Glenmede Trust Co. NA’s holdings in HP were worth $1,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPQ. Groupe la Francaise increased its position in HP by 14.9% during the first quarter. Groupe la Francaise now owns 203,459 shares of the computer maker’s stock valued at $3,908,000 after acquiring an additional 26,339 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of HP during the 1st quarter valued at about $796,000. South Dakota Investment Council increased its position in shares of HP by 18.5% during the 1st quarter. South Dakota Investment Council now owns 715,294 shares of the computer maker’s stock valued at $13,741,000 after purchasing an additional 111,475 shares during the last quarter. Amundi lifted its stake in shares of HP by 48.6% in the 1st quarter. Amundi now owns 5,187,691 shares of the computer maker’s stock worth $99,657,000 after purchasing an additional 1,696,717 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of HP in the 1st quarter worth approximately $191,000. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

Shares of HP stock opened at $28.55 on Thursday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The company has a market capitalization of $26.11 billion, a P/E ratio of 10.53, a P/E/G ratio of 4.86 and a beta of 1.17. The company has a fifty day moving average of $24.87 and a 200 day moving average of $21.57.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS 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 business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the firm earned $0.71 earnings per share. The business’s quarterly revenue 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. Analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $27.88, for a total value of $293,409.12. Following the completion of the transaction, the insider directly owned 71,152 shares in the company, valued at $1,983,717.76. This represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 31,572 shares of company stock valued at $847,603. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on HPQ shares. UBS Group upped 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, May 28th. Morgan Stanley boosted their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded 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 HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Citigroup boosted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $23.33.

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.