Empirical Finance LLC Buys 29,745 Shares of HP Inc. $HPQ

Empirical Finance LLC boosted its stake in HP Inc. (NYSE:HPQ) by 93.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,567 shares of the computer maker’s stock after buying an additional 29,745 shares during the quarter. Empirical Finance LLC’s holdings in HP were worth $1,351,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of HP in the 2nd quarter worth $2,357,757,000. State Street Corp boosted its holdings in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares during the last quarter. California State Teachers Retirement System boosted its holdings in HP by 2,151.8% during the second quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker’s stock worth $780,272,000 after purchasing an additional 33,984,527 shares during the last quarter. Geode Capital Management LLC grew its position in HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Finally, Primecap Management Co. CA purchased a new stake in HP in the 2nd quarter valued at about $545,984,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Up 4.2%

Shares of HPQ stock opened at $32.48 on Thursday. The firm has a market cap of $29.29 billion, a P/E ratio of 12.40, a PEG ratio of 1.62 and a beta of 1.18. The company has a 50 day moving average of $27.80 and a 200-day moving average of $23.50. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.93.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. HP’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts expect that HP Inc. will post 3.23 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is currently 45.80%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HPQ shares. Bank of America restated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. Morgan Stanley decreased their price target on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, August 24th. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group boosted their price objective on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Barclays upped their price objective on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.17.

Insider Buying and Selling at HP

In related news, insider David McQuarrie sold 21,048 shares of HP 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 completion of the sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: Enterprise AI partnership: HP is collaborating with Red Hat and NVIDIA on an enterprise AI platform designed to run production inference closer to users, applications, machines and data. The planned solution combines HP ZGX Fury systems, NVIDIA’s GB300 Grace Blackwell Ultra Desktop Superchip and Red Hat AI Factory, potentially expanding HP’s role in high-performance computing and edge AI. HP Extends Data-Center AI Architecture to the Edge
• Positive Sentiment: Analyst upgrade: Zacks Research upgraded HP from “hold” to “strong buy,” reinforcing the improving investment case and likely supporting investor confidence.
• Positive Sentiment: Industry demand: Zacks identified HP as a stock to buy within the computer and microcomputer industry, citing resilient demand for enterprise devices despite global macroeconomic challenges. HP was also included in Zacks’ list of broker-favored stocks and its Rank #1 income-stock selections. 2 Stocks to Buy Right Now From the Prospering Computer Industry
• Positive Sentiment: Options-market optimism: Traders purchased 110,665 HP call options, roughly 234% above typical volume, signaling unusually bullish short-term positioning, although options activity can be speculative.
• Neutral Sentiment: Dividend and investor communication: Recent coverage examined HP’s dividend and the company presented at the Goldman Sachs Communacopia + Technology Conference. These items may support income-oriented and long-term investor interest, but no major new financial guidance was highlighted. HP Inc’s Dividend Analysis

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.