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

United Capital Financial Advisors LLC bought a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 28,035 shares of the computer maker’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp purchased a new stake in shares of HP during the fourth quarter valued at approximately $25,000. SHP Wealth Management purchased a new position in shares of HP in the fourth quarter valued at $26,000. Union Savings Bank acquired a new stake in HP during the 4th quarter valued at $28,000. Aberdeen Wealth Management LLC purchased a new stake in HP during the 2nd quarter worth $29,000. Finally, DV Equities LLC purchased a new stake in HP during the 4th quarter worth $29,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HPQ. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $32.00 target price on shares of HP in a research report on Thursday. TD Cowen boosted their price target on HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday. Citigroup increased their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Morgan Stanley lowered their price objective on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, August 24th. Two 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 company. According to data from MarketBeat.com, HP has an average rating of “Reduce” and a consensus price target of $25.17.

HP Price Performance

Shares of HPQ stock opened at $30.03 on Tuesday. The firm has a market cap of $27.08 billion, a P/E ratio of 11.46, a P/E/G ratio of 3.23 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19. The firm has a fifty day moving average of $26.51 and a two-hundred day moving average of $22.86.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that HP Inc. will post 3.25 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 dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.0%. HP’s dividend payout ratio is presently 45.80%.

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.