One Wealth Advisors LLC Takes $716,000 Position in HP Inc. $HPQ

One Wealth Advisors LLC acquired a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 32,639 shares of the computer maker’s stock, valued at approximately $716,000.

Several other hedge funds have also modified their holdings of HPQ. Vest Financial LLC increased its position in HP by 51.6% during the second quarter. Vest Financial LLC now owns 372,407 shares of the computer maker’s stock worth $8,171,000 after purchasing an additional 126,811 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in HP by 18.9% during the second quarter. Bank Pictet & Cie Europe AG now owns 24,471 shares of the computer maker’s stock worth $537,000 after purchasing an additional 3,892 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of HP by 19.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,080 shares of the computer maker’s stock valued at $265,000 after purchasing an additional 1,943 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of HP by 8.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 105,224 shares of the computer maker’s stock valued at $2,309,000 after purchasing an additional 7,868 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of HP by 7.8% during the 2nd quarter. Signaturefd LLC now owns 9,713 shares of the computer maker’s stock valued at $213,000 after buying an additional 700 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPQ has been the subject of a number of research analyst reports. Bank of America upped their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their price objective on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $23.50.

HP Stock Down 3.8%

HP stock opened at $30.13 on Friday. The firm has a fifty day moving average of $25.30 and a 200-day moving average of $22.04. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The firm has a market capitalization of $27.55 billion, a P/E ratio of 11.12, a PEG ratio of 5.08 and a beta of 1.17.

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

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction dated 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 sale, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 in the last 90 days. Insiders own 0.18% of the company’s stock.

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.