HP Inc. $HPQ Shares Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC increased its position in HP Inc. (NYSE:HPQFree Report) by 264.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,434 shares of the computer maker’s stock after acquiring an additional 40,962 shares during the period. Impact Partnership Wealth LLC’s holdings in HP were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. State Street Corp raised its position in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after buying an additional 2,651,623 shares during the last quarter. Geode Capital Management LLC raised its position in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after buying an additional 274,033 shares during the last quarter. DNB Asset Management AS raised its position in shares of HP by 242.2% in 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 buying an additional 7,498,202 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after buying an additional 5,325,260 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HPQ. JPMorgan Chase & Co. boosted their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday. Evercore set a $22.00 target price on shares of HP in a research report on Thursday, February 19th. Barclays raised their target price on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $23.08.

View Our Latest Stock Analysis on HPQ

HP Stock Performance

HPQ opened at $26.96 on Friday. The company’s 50 day simple moving average is $20.59 and its 200 day simple moving average is $21.14. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55. The stock has a market capitalization of $24.66 billion, a PE ratio of 9.95, a P/E/G ratio of 6.86 and a beta of 1.09.

HP (NYSE:HPQGet Free Report) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. 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, sell-side analysts expect that HP Inc. will post 2.87 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s payout ratio is 45.45%.

HP News Summary

Here are the key news stories impacting HP this week:

HP Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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