HP Inc. $HPQ Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in shares of HP Inc. (NYSE:HPQ) by 47.9% during the first quarter, Holdings Channel reports. The institutional investor owned 214,536 shares of the computer maker’s stock after acquiring an additional 69,503 shares during the period. Wealthfront Advisers LLC’s holdings in HP were worth $4,121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HPQ. Garner Asset Management Corp acquired a new stake in shares of HP during the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HP in the 4th quarter worth approximately $26,000. SHP Wealth Management purchased a new position in HP in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC raised its holdings in HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares during the last quarter. Finally, Union Savings Bank purchased a new stake in HP during the fourth quarter worth $28,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Down 0.0%

HP stock opened at $24.84 on Monday. The stock has a market cap of $22.71 billion, a PE ratio of 9.16, a P/E/G ratio of 4.19 and a beta of 1.19. The stock has a 50-day moving average price of $23.76 and a 200 day moving average price of $21.11. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last released 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 company had revenue of $14.41 billion for 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% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. 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, equities analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the transaction, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. The trade was a 10.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HPQ. Bank of America raised their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. UBS Group increased their price objective on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Citigroup raised their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Wells Fargo & Company raised their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $23.33.

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.