Janney Montgomery Scott LLC Cuts Holdings in HP Inc. $HPQ

Janney Montgomery Scott LLC decreased its stake in HP Inc. (NYSE:HPQ) by 30.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 101,923 shares of the computer maker’s stock after selling 43,676 shares during the quarter. Janney Montgomery Scott LLC’s holdings in HP were worth $1,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Maridea Wealth Management LLC bought a new stake in shares of HP during the 1st quarter worth $194,000. Louisiana State Employees Retirement System purchased a new stake in HP during the first quarter valued at about $899,000. OP Asset Management Ltd bought a new stake in HP during the first quarter worth about $1,757,000. Apella Capital LLC lifted its position in HP by 15.9% in the 1st quarter. Apella Capital LLC now owns 15,366 shares of the computer maker’s stock worth $305,000 after buying an additional 2,107 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in HP by 193.0% in the first quarter. Assenagon Asset Management S.A. now owns 207,578 shares of the computer maker’s stock worth $3,988,000 after buying an additional 136,741 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Up 1.3%

HPQ stock opened at $24.08 on Friday. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 4.01 and a beta of 1.19. The firm’s 50-day moving average price is $23.38 and its two-hundred day moving average price is $21.05. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities analysts predict 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. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. HP’s payout ratio is 44.28%.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on HPQ shares. Bank of America lifted their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. TD Cowen raised their price objective on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 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 assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.33.

HP Company 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.