Lipe & Dalton Buys Shares of 107,477 HP Inc. $HPQ

Lipe & Dalton acquired a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 107,477 shares of the computer maker’s stock, valued at approximately $2,358,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPQ. Baird Financial Group Inc. lifted its position in shares of HP by 13.1% during the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after acquiring an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after acquiring an additional 551 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after acquiring an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after acquiring an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in HP during the second quarter valued at $233,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HPQ shares. JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Bank of America reiterated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, TD Cowen upped their price objective on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Two equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $25.17.

HP Price Performance

Shares of NYSE HPQ traded down $1.49 during mid-day trading on Tuesday, hitting $31.15. 15,674,002 shares of the company’s stock traded hands, compared to its average volume of 18,338,883. The company’s 50-day moving average is $27.59 and its two-hundred day moving average is $23.40. The company has a market capitalization of $28.09 billion, a P/E ratio of 11.89, a PEG ratio of 1.70 and a beta of 1.18. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.78.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that HP Inc. will post 3.23 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. HP’s dividend payout ratio is currently 45.80%.

Insider Buying and Selling at HP

In related news, insider David McQuarrie sold 21,048 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,620 shares of company stock worth $1,478,622. Corporate insiders own 0.18% of the company’s stock.

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.