NewEdge Advisors LLC Purchases 108,468 Shares of HP Inc. $HPQ

NewEdge Advisors LLC lifted its position in shares of HP Inc. (NYSE:HPQ) by 47.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 336,423 shares of the computer maker’s stock after purchasing an additional 108,468 shares during the quarter. NewEdge Advisors LLC’s holdings in HP were worth $6,463,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Nebraska Trust Co acquired a new position in HP during the 1st quarter worth approximately $1,513,000. Groupe la Francaise boosted its holdings in HP by 14.9% during the first quarter. Groupe la Francaise now owns 203,459 shares of the computer maker’s stock worth $3,908,000 after purchasing an additional 26,339 shares during the last quarter. Western Wealth Management LLC bought a new position in HP in the first quarter valued at $796,000. South Dakota Investment Council increased its stake in HP by 18.5% in the 1st quarter. South Dakota Investment Council now owns 715,294 shares of the computer maker’s stock valued at $13,741,000 after buying an additional 111,475 shares during the last quarter. Finally, Amundi lifted its position in HP by 48.6% during the 1st quarter. Amundi now owns 5,187,691 shares of the computer maker’s stock worth $99,657,000 after buying an additional 1,696,717 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Stock Down 0.6%

Shares of NYSE:HPQ opened at $29.86 on Tuesday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $30.87. The business has a 50 day moving average of $25.01 and a 200-day moving average of $21.76. The stock has a market cap of $27.31 billion, a PE ratio of 11.02, a P/E/G ratio of 5.07 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly 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. The business had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm 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. Equities research analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $27.88, for a total transaction of $293,409.12. Following the transaction, the insider directly owned 71,152 shares of the company’s stock, valued at approximately $1,983,717.76. This trade represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,572 shares of company stock valued at $847,603 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Citigroup increased their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Morgan Stanley raised their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, UBS Group increased their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, HP presently has a consensus rating of “Reduce” and an average 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.