Lifeworks Advisors LLC Acquires 82,834 Shares of HP Inc. $HPQ

Lifeworks Advisors LLC raised its holdings in shares of HP Inc. (NYSE:HPQ) by 50.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,007 shares of the computer maker’s stock after buying an additional 82,834 shares during the period. Lifeworks Advisors LLC’s holdings in HP were worth $4,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Garner Asset Management Corp bought a new stake in shares of HP in the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in HP during the 4th quarter worth approximately $26,000. SHP Wealth Management purchased a new position in HP in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC increased its stake in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares during the period. Finally, Union Savings Bank bought a new stake in HP in the fourth quarter valued at approximately $28,000. 77.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of analyst reports. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Barclays raised their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. TD Cowen raised their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Citigroup raised their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Price Performance

Shares of NYSE HPQ opened at $24.23 on Monday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The business has a fifty day moving average price of $23.46 and a 200 day moving average price of $21.06. The stock has a market capitalization of $22.16 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 4.09 and a beta of 1.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. 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 anticipate that HP Inc. will post 2.98 earnings per share 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. This represents a $1.20 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Activity at HP

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the business’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 approximately $2,275,496. The trade was a 10.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by insiders.

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.