EP Wealth Advisors LLC Buys New Shares in HP Inc. $HPQ

EP Wealth Advisors LLC acquired a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 48,480 shares of the computer maker’s stock, valued at approximately $1,064,000.

A number of other institutional investors have also recently added to or reduced their stakes in HPQ. Vanguard Group Inc. increased its position 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 purchasing an additional 2,435,634 shares in the last quarter. BlackRock Inc. purchased a new position in HP in the 2nd quarter worth approximately $2,357,757,000. State Street Corp grew its position in HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC grew its holdings in HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of HP by 31.7% during the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after acquiring an additional 3,671,511 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was 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 in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 in the last three months. Corporate insiders own 0.18% of the company’s stock.

HP Price Performance

HPQ stock opened at $29.76 on Monday. The firm has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a P/E/G ratio of 5.01 and a beta of 1.17. The company’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $22.42. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share 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 the consensus estimate of $13.99 billion. During the same quarter in the previous 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. Sell-side analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. TD Cowen raised their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price objective on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $23.50.

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.