Callan Family Office LLC acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 138,040 shares of the computer maker's stock, valued at approximately $3,029,000.
A number of other hedge funds have also added to or reduced their stakes in HPQ. Baird Financial Group Inc. grew its stake in HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker's stock worth $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL raised its position in HP by 2.7% during 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. lifted its holdings 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 worth $3,555,000 after buying an additional 8,779 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of HP by 70.5% in 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 during the period. Finally, HUB Investment Partners LLC purchased a new stake in shares of HP in the 2nd quarter worth $233,000. 77.53% of the stock is currently owned by institutional investors.
Insider Activity at HP
In other news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were 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. This trade represents a 34.72% decrease in their position. 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 have sold 52,620 shares of company stock worth $1,478,622 over the last ninety days. Corporate insiders own 0.18% of the company's stock.
HP Trading Up 1.0%
Shares of 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. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.19. The business's fifty day simple moving average is $25.78 and its 200-day simple moving average is $22.40.
HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analysts' expectations of $13.99 billion. During the same period in the prior year, the business posted $0.71 EPS. The firm's quarterly revenue 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. Research analysts predict that HP Inc. will post 2.98 EPS for the current year.
HP Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given 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 presently 44.28%.
Analysts Set New Price Targets
Several equities analysts have recently commented on HPQ shares. Barclays raised their price target on HP from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, May 28th. Weiss Ratings raised shares of HP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 6th. TD Cowen boosted their price target on shares of HP from $20.00 to $26.00 and gave the company a "hold" rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. 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.com, the company currently has a consensus rating of "Reduce" and an average price target of $23.50.
Get Our Latest Report on HPQ
About HP
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ - Free Report).
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