Sigma Planning Corp Buys 18,071 Shares of HP Inc. $HPQ

Sigma Planning Corp increased its stake in HP Inc. (NYSE:HPQ) by 23.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,020 shares of the computer maker’s stock after purchasing an additional 18,071 shares during the period. Sigma Planning Corp’s holdings in HP were worth $2,063,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of HP in the 2nd quarter valued at approximately $2,357,757,000. Primecap Management Co. CA bought a new position in HP in the second quarter valued at approximately $545,984,000. Legal & General Group Plc acquired a new position in HP during the second quarter valued at approximately $180,689,000. DNB Asset Management AS raised its position in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after purchasing an additional 7,498,202 shares in the last quarter. Finally, Man Group plc bought a new stake in HP during the second quarter worth $149,223,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group lifted their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Evercore set a $32.00 target price on shares of HP in a report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Two research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $25.17.

HP Price Performance

HP stock opened at $30.03 on Tuesday. The business has a 50 day moving average of $26.51 and a 200-day moving average of $22.86. The company has a market capitalization of $27.08 billion, a P/E ratio of 11.46, a P/E/G ratio of 3.23 and a beta of 1.17. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. 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 posted $0.75 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that HP Inc. will post 3.25 EPS 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 45.80%.

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.