740,463 Shares in HP Inc. $HPQ Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 740,463 HP shares worth approximately $6.8 million in the second quarter, while institutional investors collectively own 77.53% of HP.
• HP reported quarterly EPS of $0.83 and revenue of $15.68 billion, exceeding analyst expectations; revenue rose 12.5% year over year. The company also declared a quarterly dividend of $0.30 per share, equating to a 3.9% annualized yield.
• Despite stronger results and optimism around AI-enabled PCs, investors remain concerned about rising memory costs, declining PC shipments and margin pressure. Analysts’ average rating remains “Reduce,” with an average price target of $25.17 versus the stock’s $30.56 opening price.

Corient Private Wealth LP acquired a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 740,463 shares of the computer maker's stock, valued at approximately $6,807,000. Corient Private Wealth LP owned 0.08% of HP at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HPQ. Parallax Volatility Advisers L.P. purchased a new stake in shares of HP in the second quarter worth approximately $1,035,000. Bank of America Corp DE purchased a new position in HP during the second quarter valued at approximately $86,357,000. Summit Street Capital Management LLC acquired a new position in HP in the 2nd quarter valued at approximately $26,108,000. Man Group plc acquired a new position in HP in the 2nd quarter valued at approximately $149,223,000. Finally, Western Wealth Management LLC purchased a new stake in HP in the 2nd quarter worth approximately $730,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Trading Up 0.1%

HP stock opened at $30.56 on Monday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19. The firm's fifty day simple moving average is $26.38 and its 200-day simple moving average is $22.78. The company has a market capitalization of $27.95 billion, a P/E ratio of 11.66, a P/E/G ratio of 3.23 and a beta of 1.17.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP's dividend payout ratio (DPR) is presently 45.80%.

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 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 in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by insiders.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HPQ shares. Sanford C. Bernstein reissued a "market perform" rating and set a $32.00 target price on shares of HP in a research note on Thursday. Evercore set a $32.00 price objective on HP in a report on Monday, August 24th. JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. TD Cowen boosted their target price on HP from $26.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Bank of America reaffirmed an "underperform" rating on shares of HP in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $25.17.

HP Company 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.

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