Vanguard Discloses 9.9% Stake in HP Inc. (HPQ)

TL;DR

**Vanguard still owns a huge chunk of HP Inc., but slightly less than before.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its beneficial ownership of HP Inc. common stock as of December 29, 2023. Vanguard reported holding 98,333,767 shares, representing 9.9% of HP Inc.'s outstanding common stock. This filing shows a slight decrease in their reported stake from the previous amendment, which could signal a minor shift in Vanguard's investment strategy for HP Inc. or simply rebalancing within their funds.

Why It Matters

This filing confirms Vanguard remains a significant institutional holder of HP Inc., providing stability but also indicating a slight reduction in their reported stake, which could be a minor bearish signal for investors.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and doesn't indicate any immediate or significant risk to HP Inc. or its shareholders.

Analyst Insight

Investors should note Vanguard's continued large, but slightly reduced, passive stake in HP Inc., which suggests long-term institutional confidence but no immediate catalyst for significant price movement. This is a routine update from a passive investor.

Key Numbers

• 98,333,767 — Shares Beneficially Owned (Represents Vanguard's total holding in HP Inc. as of December 29, 2023.)
• 9.9% — Percentage of Class (Indicates Vanguard's significant ownership stake in HP Inc.)
• 0 — Sole Voting Power (Vanguard holds no sole voting power, indicating its passive investment strategy.)
• 98,333,767 — Shared Voting Power (Vanguard shares voting power over all its beneficially owned shares.)
• 98,333,767 — Shared Dispositive Power (Vanguard shares dispositive power over all its beneficially owned shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• HP Inc. (company) — subject company whose shares are being reported
• 98,333,767 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 9.9% (dollar_amount) — percentage of HP Inc. common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in HP Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-02-13
• HP Inc.'s stock price will not be significantly impacted by this routine disclosure. (HP Inc.) — high confidence, target: 2024-03-13

FAQ

From the Filing

0001104659-24-021143.txt : 20240213 0001104659-24-021143.hdr.sgml : 20240213 20240213170617 ACCESSION NUMBER: 0001104659-24-021143 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HP INC CENTRAL INDEX KEY: 0000047217 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 941081436 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12061 FILM NUMBER: 24628574 BUSINESS ADDRESS: STREET 1: 1501 PAGE MILL ROAD CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 6508571501 MAIL ADDRESS: STREET 1: 1501 PAGE MILL ROAD CITY: PALO ALTO STATE: CA ZIP: 94304 FORMER COMPANY: FORMER CONFORMED NAME: HEWLETT PACKARD CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01141-hpinc.htm SCHEDULE 13G/A hpinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  HP Inc Title of Class of Securities:  Common Stock CUSIP Number:  40434L105 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  40434L105 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,159,419 7.  SOLE DISPOSITIVE POWER 113,769,077 8.  SHARED DISPOSITIVE POWER 3,946,728 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 117,715,805 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.88% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: HP Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1501 Page Mill Road Palo Alto, CA 94304-1112 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 40434L105 I