HP Inc. $HPQ Shares Bought by First Horizon Corp

First Horizon Corp raised its holdings in HP Inc. (NYSE:HPQ) by 107.0% during the first quarter, Holdings Channel.com reports. The firm owned 304,510 shares of the computer maker’s stock after purchasing an additional 157,380 shares during the period. First Horizon Corp’s holdings in HP were worth $5,850,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Garner Asset Management Corp purchased a new position in shares of HP during the 4th quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in HP in the 4th quarter valued at about $26,000. SHP Wealth Management acquired a new position in HP in the fourth quarter valued at about $26,000. Sound Income Strategies LLC boosted its stake in HP by 97.0% during 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 purchased a new position in HP during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 1.3%

Shares of HPQ opened at $24.08 on Friday. The company has a market cap of $22.02 billion, a P/E ratio of 8.89, a PEG ratio of 4.01 and a beta of 1.19. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm’s 50 day moving average price is $23.38 and its 200 day moving average price is $21.05.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. 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 forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 5.0%. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note 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. Bank of America boosted their target price on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Barclays upped their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on 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 assigned a Sell rating to the company. According to MarketBeat.com, HP currently has an average rating of “Reduce” and a consensus target price of $23.33.

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.