Impact Partnership Wealth LLC Sells 42,576 Shares of HP Inc. $HPQ

Impact Partnership Wealth LLC reduced its position in HP Inc. (NYSE:HPQ) by 75.4% in the first quarter, Holdings Channel.com reports. The firm owned 13,858 shares of the computer maker’s stock after selling 42,576 shares during the quarter. Impact Partnership Wealth LLC’s holdings in HP were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after acquiring an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $22,601,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of HP in the 4th quarter valued at $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of HP by 5.5% in 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 purchasing an additional 103,175 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group upped their price target on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company raised their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Finally, Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $23.33.

HP Stock Performance

Shares of HP stock opened at $21.95 on Friday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 3.72 and a beta of 1.19. The company’s 50 day moving average price is $23.07 and its 200-day moving average price is $21.08.

HP (NYSE:HPQ) last issued 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’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. As a group, equities research analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.5%. HP’s payout ratio is presently 44.28%.

About HP

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.