Allworth Financial LP Takes Position in HP Inc. $HPQ

Allworth Financial LP purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 67,702 shares of the computer maker's stock, valued at approximately $1,485,000.

Several other large investors also recently modified their holdings of HPQ. B. Metzler seel. Sohn & Co. AG bought a new position in shares of HP in the 2nd quarter worth approximately $1,044,000. Silvant Capital Management LLC bought a new stake in HP during the second quarter valued at approximately $152,000. LaSalle St. Investment Advisors LLC purchased a new stake in HP during the second quarter valued at approximately $1,206,000. Vise Technologies Inc. purchased a new stake in HP during the second quarter valued at approximately $1,264,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in HP in the second quarter worth approximately $849,000. Institutional investors own 77.53% of the company's stock.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 in the last ninety days. Company insiders own 0.18% of the company's stock.

HP Trading Up 1.0%

NYSE:HPQ opened at $29.76 on Friday. The stock has a 50-day moving average price of $25.78 and a 200 day moving average price of $22.40. The stock has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a P/E/G ratio of 5.01 and a beta of 1.17. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.19.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. 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, research analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP's dividend payout ratio is 44.28%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 6th. 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. Morgan Stanley boosted their price target on HP from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday, May 28th. Wells Fargo & Company upped their price target on HP from $18.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. Finally, 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. Two 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. According to data from MarketBeat, HP has an average rating of "Reduce" and an average target price of $23.50.

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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