Wealthfront Advisers LLC Buys New Stake in HP Inc. $HPQ

Wealthfront Advisers LLC bought a new stake in HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 300,378 shares of the computer maker’s stock, valued at approximately $6,590,000.

Several other hedge funds and other institutional investors have also modified their holdings of HPQ. Vanguard Group Inc. grew its holdings in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of HP by 8.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after purchasing an additional 157,464 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of HP during the fourth quarter worth $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after buying an additional 103,175 shares during the last quarter. Finally, BNP Paribas increased its holdings in HP by 8,978.0% in the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after buying an additional 128,296 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

HP stock opened at $29.99 on Thursday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The company has a market capitalization of $27.43 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 5.05 and a beta of 1.17. The stock has a fifty day moving average of $25.59 and a two-hundred day moving average of $22.28.

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

HP Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.0%. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $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 SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock worth $1,478,622 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HPQ shares. The Goldman Sachs Group boosted their target price on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Barclays increased their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note 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. Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, UBS Group raised their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $23.50.

HP 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.