93,277 Shares in HP Inc. $HPQ Purchased by Estate Counselors LLC

Estate Counselors LLC purchased a new stake in shares of HP Inc. (NYSE:HPQ) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 93,277 shares of the computer maker’s stock, valued at approximately $1,792,000.

Other institutional investors have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in shares of HP during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of HP in the fourth quarter valued at $26,000. SHP Wealth Management purchased a new position in shares of HP in the fourth quarter valued at $26,000. Union Savings Bank bought a new stake in HP in the fourth quarter worth $28,000. Finally, DV Equities LLC bought a new position in HP during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the business’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. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

HP Stock Up 3.1%

HPQ stock opened at $26.54 on Tuesday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The stock has a market capitalization of $24.28 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 4.34 and a beta of 1.19. The firm’s fifty day simple moving average is $24.25 and its two-hundred day simple moving average is $21.23.

HP (NYSE:HPQ) last announced 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 the consensus estimate of $13.99 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter 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 research analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company 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 $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.5%. HP’s dividend payout ratio (DPR) is presently 44.28%.

Analysts Set New Price Targets

HPQ has been the subject of a number of recent research reports. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Bank of America increased their price target on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. UBS Group boosted their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company upped their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report 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 assigned a Sell rating to the stock. According to MarketBeat, HP currently has a consensus rating of “Reduce” and an average 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.