Nwam LLC Acquires New Holdings in HP Inc. $HPQ

Nwam LLC bought a new stake in HP Inc. (NYSE:HPQ) in the second quarter, Holdings Channel.com reports. The institutional investor bought 130,840 shares of the computer maker’s stock, valued at approximately $2,871,000.

Several other large investors also recently added to or reduced their stakes in HPQ. Callan Family Office LLC acquired a new stake in shares of HP in the 2nd quarter valued at $3,029,000. BlackRock Inc. acquired a new position in HP during the second quarter worth $2,357,757,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after buying an additional 103,175 shares in the last quarter. BNP Paribas lifted its position in shares of HP by 8,978.0% in the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after buying an additional 128,296 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of HP in the fourth quarter worth about $7,939,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $32.00 price objective on shares of HP in a report on Thursday, August 27th. Bank of America reaffirmed an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Evercore set a $32.00 price target on HP in a report on Monday, August 24th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company boosted 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 research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $25.17.

HP Stock Performance

HP stock opened at $31.37 on Wednesday. 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 $28.29 billion, a PE ratio of 11.97, a PEG ratio of 1.56 and a beta of 1.18. The business’s 50-day simple moving average is $26.66 and its 200-day simple moving average is $22.94.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Research analysts forecast that HP Inc. will post 3.23 earnings per share for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. HP’s dividend payout ratio (DPR) is presently 45.80%.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 in the last 90 days. Company 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.