Pallas Capital Advisors LLC Makes New $380,000 Investment in HP Inc. $HPQ

Pallas Capital Advisors LLC purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,302 shares of the computer maker’s stock, valued at approximately $380,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in HP in the fourth quarter worth about $25,000. SHP Wealth Management bought a new stake in shares of HP in the 4th quarter valued at about $26,000. Union Savings Bank purchased a new stake in shares of HP in the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new stake in shares of HP in the 4th quarter worth approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of HP during the fourth quarter valued at approximately $32,000. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HPQ shares. The Goldman Sachs Group raised their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Barclays upped their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Bank of America raised their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Two investment 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’s stock. Based on data from MarketBeat, HP currently has a consensus rating of “Reduce” and an average price target of $23.50.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’s 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 completion of the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 over the last three months. 0.18% of the stock is currently owned by insiders.

HP Stock Down 1.7%

Shares of HPQ stock opened at $29.42 on Friday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The stock has a market cap of $26.91 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 5.05 and a beta of 1.17. The business has a 50-day simple moving average of $25.69 and a 200-day simple moving average of $22.35.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for 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%.HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

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