Mainstay Capital Management LLC ADV Reduces Stake in HP Inc. $HPQ

Mainstay Capital Management LLC ADV lowered its position in HP Inc. (NYSE:HPQ) by 50.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 59,450 shares of the computer maker’s stock after selling 61,678 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in HP were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HPQ. Richardson Financial Services Inc. boosted its position in HP by 14.9% in the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after purchasing an additional 367 shares during the last quarter. Auxano Advisors LLC grew its stake in shares of HP by 4.4% during the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after purchasing an additional 391 shares during the period. IHT Wealth Management LLC increased its position in shares of HP by 3.3% during the 2nd 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 last quarter. AdvisorNet Financial Inc increased its position in shares of HP by 42.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock valued at $37,000 after purchasing an additional 405 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of HP by 6.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after purchasing an additional 410 shares during the period. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPQ. Barclays cut their target price on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Morgan Stanley dropped their price target on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Evercore set a $22.00 price objective on HP in a research note on Thursday, February 19th. Finally, UBS Group decreased their target price on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $21.58.

HP Trading Down 2.8%

HP stock opened at $18.23 on Thursday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 5.21 and a beta of 1.18. The firm has a 50 day moving average of $19.36 and a 200 day moving average of $23.60.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.6%. HP’s payout ratio is 45.45%.

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.