Nwam LLC Purchases Shares of 130,840 HP Inc. $HPQ

Key Points

• Nwam LLC purchased 130,840 HP shares worth approximately $2.87 million during the second quarter, while institutional investors collectively own 77.53% of HP’s stock.
• HP reported quarterly earnings of $0.83 per share and revenue of $15.68 billion, beating analyst estimates; revenue increased 12.5% year over year. Shares recently traded at $31.37, up 4.5%.
• HP declared a quarterly dividend of $0.30 per share, equivalent to a 3.8% annualized yield. Despite the dividend and strong results, analysts maintain a consensus “Reduce” rating with a $25.17 price target.

Nwam LLC purchased a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 130,840 shares of the computer maker's stock, valued at approximately $2,871,000.

Other institutional investors have also modified their holdings of the company. Callan Family Office LLC bought a new stake in HP during the second quarter worth approximately $3,029,000. BlackRock Inc. acquired a new stake in shares of HP during the 2nd quarter valued at $2,357,757,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of HP by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker's stock valued at $43,747,000 after acquiring an additional 103,175 shares during the last quarter. BNP Paribas boosted its stake in shares of HP by 8,978.0% during the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker's stock worth $2,891,000 after acquiring an additional 128,296 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of HP in the 4th quarter worth $7,939,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Up 4.5%

Shares of HP stock opened at $31.37 on Wednesday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The stock has a market cap of $28.29 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The business has a fifty day simple moving average of $26.66 and a 200-day simple moving average of $22.94.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. HP's quarterly revenue 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. Analysts expect that HP Inc. will post 3.23 EPS for the current fiscal year.

HP Dividend Announcement

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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 9th. HP's dividend payout ratio is currently 45.80%.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HPQ shares. Barclays boosted their target price on HP from $19.00 to $23.00 and gave the stock an "underweight" rating in a research report on Friday. The Goldman Sachs Group lifted their price target on HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research note on Wednesday, August 12th. Bank of America restated an "underperform" rating on shares of HP in a report on Thursday, August 27th. TD Cowen upped their price objective on shares of HP from $26.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $32.00 target price on shares of HP in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, HP presently has a consensus rating of "Reduce" and a consensus price target 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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