Lipe & Dalton Takes Position in HP Inc. $HPQ

Lipe & Dalton purchased a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 107,477 shares of the computer maker’s stock, valued at approximately $2,358,000.

Other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. raised its position in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of HP by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of HP by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after purchasing an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after buying an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of HP during the 2nd quarter worth $233,000. 77.53% of the stock is owned by institutional investors.

Insider Activity

In other news, insider David McQuarrie sold 21,048 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock valued at $1,478,622 in the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Morgan Stanley reduced their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, August 24th. Barclays lifted their price target on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Finally, Bank of America reiterated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $25.17.

HP Stock Performance

HPQ traded down $1.49 during midday trading on Tuesday, reaching $31.15. The company had a trading volume of 15,674,002 shares, compared to its average volume of 18,338,883. The stock has a market cap of $28.09 billion, a PE ratio of 11.89, a P/E/G ratio of 1.70 and a beta of 1.18. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.78. The business has a 50-day moving average price of $27.59 and a two-hundred day moving average price of $23.40.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. 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 anticipate that HP Inc. will post 3.23 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. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 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.