Patriot Financial Group Insurance Agency LLC Acquires Shares of 50,636 HP Inc. $HPQ

Patriot Financial Group Insurance Agency LLC bought a new position in HP Inc. (NYSE:HPQ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 50,636 shares of the computer maker’s stock, valued at approximately $973,000.

A number of other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. increased its stake in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of HP by 2.7% in 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. lifted its position in shares of HP by 6.4% in 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 boosted its holdings in shares of HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after buying an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in shares of HP in the 2nd quarter valued at about $233,000. 77.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. The trade was a 10.24% decrease in their position. The sale was disclosed in a legal 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. 0.18% of the stock is currently owned by corporate insiders.

HP Stock Down 0.8%

Shares of NYSE:HPQ opened at $22.71 on Tuesday. The company has a market cap of $20.77 billion, a PE ratio of 8.38, a P/E/G ratio of 3.86 and a beta of 1.16. The company’s 50-day moving average price is $22.96 and its 200 day moving average price is $21.15. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65.

HP (NYSE:HPQ) last posted 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. HP’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. As a group, equities analysts anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HPQ. Wells Fargo & Company increased 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. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group increased their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Citigroup raised their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two 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 company currently 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.