Western Wealth Management LLC Acquires New Shares in HP Inc. $HPQ

Western Wealth Management LLC bought a new position in HP Inc. (NYSE:HPQ) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 41,444 shares of the computer maker’s stock, valued at approximately $796,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of HP by 8.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after purchasing an additional 157,464 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of HP in the fourth quarter valued at approximately $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after buying an additional 103,175 shares during the last quarter. Finally, BNP Paribas boosted its position in shares of HP by 8,978.0% during the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after buying an additional 128,296 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. JPMorgan Chase & Co. boosted their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. UBS Group lifted their price objective on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley upped their price objective on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, HP has a consensus rating of “Reduce” and a consensus target price of $23.50.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is owned by insiders.

HP Price Performance

Shares of NYSE:HPQ opened at $31.31 on Friday. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 4.94 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The stock’s 50 day moving average price is $25.21 and its 200 day moving average price is $21.98.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the company posted $0.71 EPS. The firm’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. On average, sell-side analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. HP’s dividend payout ratio (DPR) is 44.28%.

About HP

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.