Pallas Capital Advisors LLC Invests $380,000 in HP Inc. $HPQ

Pallas Capital Advisors LLC acquired a new position in HP Inc. (NYSE:HPQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,302 shares of the computer maker’s stock, valued at approximately $380,000.

Other institutional investors also recently bought and sold shares of the company. Garner Asset Management Corp bought a new stake in shares of HP during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new position in shares of HP in the 4th quarter worth approximately $26,000. Union Savings Bank bought a new position in shares of HP in the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of HP in the fourth quarter worth approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in HP during the fourth quarter valued at approximately $32,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of NYSE HPQ opened at $29.42 on Friday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19. The business’s 50 day moving average is $25.69 and its two-hundred day moving average is $22.35. The stock has a market capitalization of $26.91 billion, a P/E ratio of 10.86, a PEG ratio of 5.05 and a beta of 1.17.

HP (NYSE:HPQ) last posted its quarterly earnings data 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 business had revenue of $14.41 billion during 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 company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Morgan Stanley upped their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, Bank of America raised their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” 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 assigned a Sell rating to the stock. Based on data from MarketBeat, HP has a consensus rating of “Reduce” and an average price target of $23.50.

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.