LMG Wealth Partners LLC Raises Position in HP Inc. $HPQ

LMG Wealth Partners LLC grew its holdings in shares of HP Inc. (NYSE:HPQ) by 54.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,694 shares of the computer maker’s stock after acquiring an additional 22,230 shares during the period. LMG Wealth Partners LLC’s holdings in HP were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in shares of HP by 0.3% during the 4th quarter. Hsbc Holdings PLC now owns 4,583,299 shares of the computer maker’s stock valued at $102,256,000 after acquiring an additional 14,495 shares during the period. Corient Private Wealth LLC raised its stake in HP by 10.9% during the 4th quarter. Corient Private Wealth LLC now owns 241,682 shares of the computer maker’s stock worth $5,386,000 after acquiring an additional 23,744 shares during the period. Union Savings Bank purchased a new position in HP during the fourth quarter valued at approximately $28,000. SHP Wealth Management purchased a new position in HP during the fourth quarter valued at approximately $26,000. Finally, Wick Capital Partners LLC purchased a new stake in shares of HP in the fourth quarter worth $309,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HPQ shares. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Barclays raised their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wells Fargo & Company upped their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $23.33.

HP Stock Performance

Shares of NYSE HPQ opened at $23.55 on Tuesday. The company has a market cap of $21.54 billion, a P/E ratio of 8.69, a P/E/G ratio of 3.96 and a beta of 1.16. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The firm’s fifty day moving average is $22.56 and its two-hundred day moving average is $21.24.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s 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, analysts forecast that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

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 $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 yield of 5.1%. HP’s payout ratio is presently 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider directly owned 92,200 shares of the company’s stock, valued at $2,275,496. This represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company 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.