United Capital Financial Advisors LLC Takes Position in HP Inc. $HPQ

United Capital Financial Advisors LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,035 shares of the computer maker’s stock, valued at approximately $615,000.

A number of other large investors have also recently bought and sold shares of HPQ. Baird Financial Group Inc. lifted its holdings in shares of HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after buying an additional 551 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after buying an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina increased its position in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after buying an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in HP in the second quarter valued at $233,000. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of the company’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 completion of the transaction, the insider directly owned 39,580 shares in the company, valued at $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 is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by corporate insiders.

HP Trading Down 1.6%

HPQ stock opened at $30.03 on Tuesday. The firm has a market cap of $27.08 billion, a PE ratio of 11.46, a PEG ratio of 3.23 and a beta of 1.17. The company has a fifty day simple moving average of $26.51 and a 200 day simple moving average of $22.86. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion for 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 was up 12.5% compared to the same quarter last year. During the same period last year, the business 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. As a group, analysts forecast that HP Inc. will post 3.25 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. 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 4.0%. HP’s dividend payout ratio (DPR) is presently 45.80%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPQ. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Barclays lifted their target price on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday. Bank of America reiterated an “underperform” rating on shares of HP in a report on Thursday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $32.00 price target on shares of HP in a research report on Thursday. Finally, Citigroup boosted their price objective on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP presently has an average rating of “Reduce” and an average target price of $25.17.

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.