HP Inc. $HPQ Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its stake in shares of HP Inc. (NYSE:HPQ) by 51.6% in the 2nd quarter, Holdings Channel reports. The fund owned 372,407 shares of the computer maker’s stock after buying an additional 126,811 shares during the period. Vest Financial LLC’s holdings in HP were worth $8,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after buying an additional 157,464 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in HP during the fourth quarter worth $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in 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 period. Finally, BNP Paribas grew its position in HP by 8,978.0% during the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after buying an additional 128,296 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on HPQ. Barclays upped their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America upped their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company raised their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, HP presently has a consensus rating of “Reduce” and an average price target of $23.50.

HP Stock Up 6.9%

HPQ stock opened at $31.31 on Friday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19. The firm has a 50-day simple moving average of $25.21 and a 200-day simple moving average of $21.98. The stock has a market capitalization of $28.64 billion, a P/E ratio of 11.55, a P/E/G ratio of 4.94 and a beta of 1.17.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the company posted $0.71 EPS. HP’s quarterly revenue was up 9.0% compared to the same quarter last year. 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, analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

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 paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. HP’s payout ratio is currently 44.28%.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on 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 transaction, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 in the last three months. 0.18% of the stock is currently owned by insiders.

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.