Western Wealth Management LLC Makes New $796,000 Investment in HP Inc. $HPQ

Western Wealth Management LLC acquired a new stake in HP Inc. (NYSE:HPQ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,444 shares of the computer maker’s stock, valued at approximately $796,000.

Other institutional investors have also made changes to their positions in the company. DNB Asset Management AS increased its stake in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares during the period. Norges Bank purchased a new position in HP in the 4th quarter valued at about $149,309,000. Arrowstreet Capital Limited Partnership grew its stake in shares of HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after acquiring an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC increased its position in shares of HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after acquiring an additional 5,325,260 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of HP by 626.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after acquiring an additional 4,267,600 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Up 6.9%

Shares of NYSE HPQ opened at $31.31 on Friday. The stock’s 50 day moving average price is $25.21 and its two-hundred day moving average price is $21.98. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The stock has a market capitalization of $28.64 billion, a P/E ratio of 11.55, a PEG ratio of 4.94 and a beta of 1.17.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm 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, analysts anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday. TD Cowen increased their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. UBS Group raised their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Barclays lifted their price target on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $23.50.

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.