Focus Partners Advisor Solutions LLC Buys Shares of 27,228 HP Inc. $HPQ

Focus Partners Advisor Solutions LLC acquired a new position in HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,228 shares of the computer maker’s stock, valued at approximately $597,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. State Street Corp grew its holdings in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC increased its holdings in HP by 1.0% in 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 buying an additional 274,033 shares during the period. Invesco Ltd. increased its stake in HP by 31.7% in the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after acquiring an additional 3,671,511 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of HP by 50.2% in the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after purchasing an additional 4,542,339 shares during the period. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group lifted their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. TD Cowen boosted their price target on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. UBS Group increased their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $23.50.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock valued at $1,478,622 over the last ninety days. Company insiders own 0.18% of the company’s stock.

HP Trading Down 2.3%

Shares of HPQ stock opened at $29.41 on Tuesday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The firm has a market capitalization of $26.90 billion, a P/E ratio of 10.85, a PEG ratio of 5.08 and a beta of 1.17. The firm’s fifty day moving average price is $25.38 and its two-hundred day moving average price is $22.13.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The business’s quarterly revenue 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. As a group, equities research analysts forecast that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

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.