Empowered Funds LLC Takes $11.86 Million Position in HP Inc. $HPQ

Empowered Funds LLC purchased a new position in HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 540,574 shares of the computer maker’s stock, valued at approximately $11,860,000. Empowered Funds LLC owned about 0.06% of HP at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of HP during the 2nd quarter valued at about $2,357,757,000. Primecap Management Co. CA bought a new position in shares of HP in the 2nd quarter worth approximately $545,984,000. Legal & General Group Plc purchased a new position in shares of HP in the second quarter worth approximately $180,689,000. DNB Asset Management AS grew its position in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after buying an additional 7,498,202 shares during the period. Finally, Man Group plc bought a new stake in HP during the second quarter valued at approximately $149,223,000. Institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Barclays boosted their price objective on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday. Evercore set a $32.00 target price on HP in a report on Monday, August 24th. The Goldman Sachs Group lifted their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Finally, Citigroup upped their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, HP presently has an average rating of “Reduce” and an average target price of $25.17.

Insiders Place Their Bets

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

HP Price Performance

Shares of NYSE HPQ opened at $30.56 on Friday. The stock has a market cap of $27.95 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 4.73 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 price of $26.38 and a 200-day moving average price of $22.76.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. HP’s quarterly revenue was up 12.5% compared to the same quarter last year. 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, research analysts expect that HP Inc. will post 3.25 EPS for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s payout ratio is currently 45.80%.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

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.