Lazard Asset Management LLC Reduces Stake in HP Inc. $HPQ

Lazard Asset Management LLC lowered its position in HP Inc. (NYSE:HPQ) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,157,389 shares of the computer maker’s stock after selling 161,139 shares during the period. Lazard Asset Management LLC’s holdings in HP were worth $41,443,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Garner Asset Management Corp purchased a new position in HP in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of HP during the 4th quarter valued at about $26,000. SHP Wealth Management purchased a new stake in shares of HP during the 4th quarter valued at about $26,000. Union Savings Bank bought a new position in shares of HP in the 4th quarter worth approximately $28,000. Finally, DV Equities LLC bought a new position in shares of HP in the 4th quarter worth approximately $29,000. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays boosted their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Bank of America boosted their price objective on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley upped their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, HP has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Stock Up 6.6%

HPQ stock opened at $28.30 on Wednesday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The stock has a market cap of $25.88 billion, a P/E ratio of 10.44, a PEG ratio of 4.48 and a beta of 1.19. The business’s 50-day moving average price is $24.40 and its 200-day moving average price is $21.28.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities research analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares of the company’s stock, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by company insiders.

About HP

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.