Heron Bay Capital Management Buys Shares of 68,029 HP Inc. $HPQ

Key Points

• Heron Bay Capital Management initiated a position in HP, buying 68,029 shares valued at approximately $1.49 million. Several other hedge funds also established new positions, while institutional investors collectively own 77.53% of HP’s stock.
• Analyst sentiment remains mixed: HP has two Strong Buy, eight Hold and five Sell ratings, resulting in an average “Reduce” rating and a consensus price target of $23.50.
• HP reported quarterly EPS of $0.86, exceeding the $0.72 consensus estimate, while revenue rose 9% year over year to $14.41 billion. The company also declared a $0.30 quarterly dividend, equivalent to a 4.0% annualized yield.

Heron Bay Capital Management purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 68,029 shares of the computer maker's stock, valued at approximately $1,493,000.

Other hedge funds also recently modified their holdings of the company. Callan Family Office LLC bought a new position in HP during the second quarter valued at $3,029,000. Allworth Financial LP purchased a new position in shares of HP during the 2nd quarter valued at $1,485,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of HP during the 2nd quarter valued at $1,044,000. Silvant Capital Management LLC purchased a new stake in HP in the 2nd quarter worth about $152,000. Finally, LaSalle St. Investment Advisors LLC purchased a new stake in HP in the 2nd quarter worth about $1,206,000. Institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of HP from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 6th. UBS Group lifted their target price 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. The Goldman Sachs Group boosted their price target on shares of HP from $19.00 to $21.00 and gave the company a "sell" rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Barclays lifted their price objective on shares of HP from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $23.50.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company's stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,620 shares of company stock valued at $1,478,622. Corporate insiders own 0.18% of the company's stock.

HP Stock Up 1.0%

HPQ stock opened at $29.76 on Friday. The stock has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $22.40. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19. The firm has a market capitalization of $27.22 billion, a PE ratio of 10.98, a PEG ratio of 4.97 and a beta of 1.17.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company's revenue for the quarter 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. On average, equities research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.0%. HP's dividend payout ratio is currently 44.28%.

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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