Great Lakes Advisors LLC Purchases New Shares in HP Inc. $HPQ

Great Lakes Advisors LLC acquired a new stake in HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,471 shares of the computer maker’s stock, valued at approximately $976,000.

A number of other large investors have also modified their holdings of the company. Garner Asset Management Corp purchased a new stake in shares of HP during the 4th quarter worth about $25,000. SHP Wealth Management purchased a new position in shares of HP in the 4th quarter valued at about $26,000. Union Savings Bank purchased a new position in shares of HP in the 4th quarter valued at about $28,000. DV Equities LLC acquired a new position in HP in the 4th quarter worth about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HP in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 in the last three months. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on HPQ. UBS Group raised their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Morgan Stanley lifted their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, HP currently has a consensus rating of “Reduce” and an average target price of $23.50.

HP Trading Up 1.0%

Shares of HP stock opened at $29.76 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19. The firm has a market capitalization of $27.22 billion, a PE ratio of 10.98, a P/E/G ratio of 5.01 and a beta of 1.17. The firm’s 50-day moving average price is $25.78 and its 200 day moving average price is $22.40.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping 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 company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the business earned $0.71 EPS. HP’s quarterly revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, sell-side analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

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.