44,471 Shares in HP Inc. $HPQ Acquired by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors acquired 44,471 HP shares valued at approximately $976,000, while institutional investors and hedge funds collectively own 77.53% of HP’s stock.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $23.50, despite some recent upgrades and higher individual targets.
• HP exceeded quarterly earnings and revenue expectations, reporting $0.86 in EPS on $14.41 billion in revenue, and announced a quarterly dividend of $0.30 per share, representing a 4.0% annualized yield.

Great Lakes Advisors LLC bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 44,471 shares of the computer maker's stock, valued at approximately $976,000.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, May 28th. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 6th. Wells Fargo & Company lifted their target price on HP from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a research report on Saturday. Two 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $23.50.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of HP 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 completion of the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 over the last quarter. 0.18% of the stock is owned by company insiders.

HP Price Performance

NYSE HPQ opened at $29.76 on Friday. The company has a market capitalization of $27.22 billion, a PE ratio of 10.98, a P/E/G ratio of 5.01 and a beta of 1.17. The company has a fifty day moving average of $25.78 and a 200 day moving average of $22.40. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $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. Research analysts expect 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. Investors of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP's dividend payout ratio (DPR) is 44.28%.

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.

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