EP Wealth Advisors LLC Buys Shares of 48,480 HP Inc. $HPQ

EP Wealth Advisors LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 48,480 shares of the computer maker’s stock, valued at approximately $1,064,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. IHT Wealth Management LLC increased its holdings in HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the period. Vident Advisory LLC grew its stake in HP by 0.6% during the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after buying an additional 444 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after purchasing an additional 467 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after buying an additional 477 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in HP by 0.6% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock valued at $1,772,000 after acquiring an additional 491 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the subject of several research reports. Citigroup lifted their target price on 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 raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Finally, TD Cowen lifted 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 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’s stock. Based on data from MarketBeat.com, HP has a consensus rating of “Reduce” and a consensus target price of $23.50.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

HP Trading Up 0.2%

HPQ stock opened at $29.76 on Monday. The firm has a market capitalization of $27.22 billion, a PE ratio of 10.98, a PEG ratio of 5.01 and a beta of 1.17. The business’s 50 day simple moving average is $25.78 and its 200 day simple moving average is $22.42. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

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 given 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 (DPR) is presently 44.28%.

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.