Beverly Hills Private Wealth LLC Takes Position in HP Inc. $HPQ

Beverly Hills Private Wealth LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 100,729 shares of the computer maker’s stock, valued at approximately $2,210,000.

Other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in shares of HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 398 shares during the period. Vident Advisory LLC lifted its holdings in HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after buying an additional 444 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in HP by 10.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after buying an additional 467 shares during the period. Vise Technologies Inc. grew its stake in shares of HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after acquiring an additional 477 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of HP by 0.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after acquiring an additional 491 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPQ has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. UBS Group boosted their target price on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Citigroup upped their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley lifted their price objective on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $23.50.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by company insiders.

HP Trading Up 0.1%

HP stock opened at $30.13 on Monday. The company has a fifty day simple moving average of $25.30 and a 200-day simple moving average of $22.05. The stock has a market cap of $27.55 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 5.08 and a beta of 1.17. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, sell-side analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP’s dividend payout ratio is presently 44.28%.

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.