Focus Partners Advisor Solutions LLC Acquires Shares of 27,228 HP Inc. $HPQ

Focus Partners Advisor Solutions LLC purchased a new position in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,228 shares of the computer maker’s stock, valued at approximately $597,000.

Several other hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in shares of HP during the 4th quarter worth $25,000. SHP Wealth Management acquired a new stake in HP during the 4th quarter worth approximately $26,000. Union Savings Bank bought a new stake in shares of HP in the fourth quarter worth $28,000. DV Equities LLC bought a new stake in shares of HP in the 4th quarter valued at about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HP during the 4th quarter valued at approximately $32,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Citigroup raised their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Bank of America upped their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Finally, TD Cowen raised their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, HP presently has a consensus rating of “Reduce” and an average price target of $23.50.

HP Price Performance

Shares of HP stock opened at $29.41 on Tuesday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The company has a 50 day simple moving average of $25.38 and a two-hundred day simple moving average of $22.13. The firm has a market cap of $26.90 billion, a PE ratio of 10.85, a PEG ratio of 5.08 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $13.99 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’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, research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.1%. HP’s payout ratio is presently 44.28%.

Insiders Place Their Bets

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

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.