Western Wealth Management LLC Acquires New Position in HP Inc. $HPQ

Western Wealth Management LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) in the first quarter, HoldingsChannel reports. The institutional investor acquired 41,444 shares of the computer maker’s stock, valued at approximately $796,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. South Dakota Investment Council lifted its holdings in HP by 18.5% during the first quarter. South Dakota Investment Council now owns 715,294 shares of the computer maker’s stock valued at $13,741,000 after purchasing an additional 111,475 shares in the last quarter. Amundi boosted its position in shares of HP by 48.6% in the first quarter. Amundi now owns 5,187,691 shares of the computer maker’s stock worth $99,657,000 after purchasing an additional 1,696,717 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of HP in the first quarter worth $191,000. Estate Counselors LLC bought a new stake in shares of HP during the 1st quarter valued at $1,792,000. Finally, SummitTX Capital L.P. bought a new stake in shares of HP during the 1st quarter valued at $3,804,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of NYSE:HPQ opened at $27.32 on Monday. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 4.60 and a beta of 1.17. The firm has a fifty day moving average price of $24.69 and a 200 day moving average price of $21.41. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week 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 net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, research analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 44.28%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. TD Cowen raised their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group lifted their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, HP currently has an average rating of “Reduce” and a consensus price target of $23.33.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.98, for a total value of $294,461.52. Following the sale, the insider directly owned 81,676 shares in the company, valued at approximately $2,285,294.48. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

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.