26,075 Shares in HP Inc. $HPQ Acquired by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI acquired a new stake in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,075 shares of the computer maker’s stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. Fulton Bank N.A. lifted its position in shares of HP by 8.6% during the 2nd quarter. Fulton Bank N.A. now owns 163,852 shares of the computer maker’s stock worth $3,595,000 after buying an additional 13,027 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of HP in the 2nd quarter valued at $57,000. Legacy Wealth Asset Management LLC grew its position in shares of HP by 0.6% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock valued at $1,772,000 after buying an additional 491 shares during the last quarter. Affinity Capital Advisors LLC acquired a new stake in HP during the 2nd quarter worth $312,000. Finally, Rockland Trust Co. raised its stake in HP by 29.0% during the 2nd quarter. Rockland Trust Co. now owns 363,947 shares of the computer maker’s stock worth $7,985,000 after acquiring an additional 81,738 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

HPQ stock opened at $29.86 on Tuesday. The stock has a market capitalization of $27.31 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The company has a fifty day moving average of $25.01 and a 200-day moving average of $21.76. HP Inc. has a one year low of $17.56 and a one year high of $30.87.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts forecast that HP Inc. will post 2.98 earnings per share 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 issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $27.88, for a total transaction of $293,409.12. Following the transaction, the insider directly owned 71,152 shares of the company’s stock, valued at $1,983,717.76. This represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 31,572 shares of company stock worth $847,603. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HPQ. Wells Fargo & Company boosted their target price on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. UBS Group boosted their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, The Goldman Sachs Group raised their target price on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Two equities 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $23.33.

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.