Corient Private Wealth LLC Buys 23,744 Shares of HP Inc. $HPQ

Corient Private Wealth LLC raised its position in shares of HP Inc. (NYSE:HPQ) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 241,682 shares of the computer maker’s stock after buying an additional 23,744 shares during the quarter. Corient Private Wealth LLC’s holdings in HP were worth $5,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. increased its holdings in HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after buying an additional 13,265 shares during the period. Gamco Investors INC. ET AL boosted its holdings in HP by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after purchasing an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its position in HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC purchased a new position in shares of HP during the 2nd quarter valued at about $233,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Bank of America lifted their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research 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. JPMorgan Chase & Co. raised their price objective 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. Finally, Wells Fargo & Company lifted their target price on shares of HP from $18.00 to $20.00 and gave the company 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 data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $23.33.

HP Trading Down 0.1%

Shares of NYSE:HPQ opened at $22.91 on Friday. The company has a market cap of $20.95 billion, a PE ratio of 8.45, a P/E/G ratio of 3.87 and a beta of 1.17. The company’s 50 day moving average is $22.90 and its two-hundred day moving average is $21.20. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the prior year, the firm posted $0.71 EPS. The business’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. As a group, equities research analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is presently 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.