Empowered Funds LLC Sells 200,261 Shares of HP Inc. $HPQ

Key Points

• Empowered Funds LLC cut its HP position by 79.2% in the first quarter, selling 200,261 shares and retaining 52,572 shares valued at approximately $1.01 million. Institutional investors collectively own 77.53% of HP.
• HP reported quarterly EPS of $0.86, beating estimates of $0.72, while revenue rose 9% year over year to $14.41 billion. The company also declared a quarterly dividend of $0.30 per share, equivalent to a 4.0% annualized yield.
• HP shares opened at $30.02, near their 52-week high, despite a “Reduce” consensus rating and an average analyst price target of $23.33. Recent analyst ratings include two Strong Buys, eight Holds, and five Sells.

Empowered Funds LLC lowered its position in HP Inc. (NYSE:HPQ - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,572 shares of the computer maker's stock after selling 200,261 shares during the quarter. Empowered Funds LLC's holdings in HP were worth $1,010,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Garner Asset Management Corp bought a new stake in HP in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP during the fourth quarter valued at approximately $26,000. SHP Wealth Management purchased a new stake in shares of HP in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC raised its holdings in shares of HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker's stock worth $27,000 after buying an additional 646 shares during the period. Finally, Union Savings Bank bought a new stake in shares of HP during the 4th quarter worth approximately $28,000. Institutional investors own 77.53% of the company's stock.

HP Stock Up 6.5%

HPQ opened at $30.02 on Friday. The stock's fifty day moving average is $25.00 and its two-hundred day moving average is $21.68. The company has a market capitalization of $27.45 billion, a P/E ratio of 11.08, a PEG ratio of 5.07 and a beta of 1.17. HP Inc. has a 52 week low of $17.56 and a 52 week high of $30.06.

HP (NYSE:HPQ - Get Free Report) last issued its 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business 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 earned $0.71 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed 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 presently 44.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Thursday, May 28th. The Goldman Sachs Group lifted their target price on HP from $16.00 to $19.00 and gave the stock a "sell" rating in a research report on Tuesday, June 2nd. Bank of America boosted their target price on shares of HP from $16.00 to $18.00 and gave the company an "underperform" rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of HP from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, UBS Group raised their price target on shares of HP from $20.00 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 issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of "Reduce" and a consensus price target of $23.33.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $27.88, for a total transaction of $293,409.12. Following the completion of the sale, the insider owned 71,152 shares in the company, valued at $1,983,717.76. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,572 shares of company stock valued at $847,603 over the last ninety days. Insiders own 0.18% of the company's stock.

HP 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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