HP Inc. $HPQ Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in HP Inc. (NYSE:HPQ) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,682 shares of the computer maker’s stock after buying an additional 23,744 shares during the quarter. Corient Private Wealth LLC’s holdings in HP were worth $5,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. grew its stake in HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after acquiring an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL raised its position in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after acquiring an additional 551 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of HP by 6.4% in the second 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 in the last quarter. Treasurer of the State of North Carolina grew its position in shares of HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after purchasing an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of HP during the 2nd quarter worth approximately $233,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent research reports. Morgan Stanley upped their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, TD Cowen lifted their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, HP has an average rating of “Reduce” and an average target price of $23.33.

HP Price Performance

Shares of HPQ stock opened at $22.91 on Friday. The firm has a fifty day moving average of $22.90 and a two-hundred day moving average of $21.20. The firm has a market cap of $20.95 billion, a P/E ratio of 8.45, a P/E/G ratio of 3.87 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% 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. Insiders own 0.18% of the company’s stock.

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.