Foster & Motley Inc. Has $2.59 Million Holdings in HP Inc. $HPQ

Foster & Motley Inc. decreased its stake in HP Inc. (NYSE:HPQ) by 15.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,627 shares of the computer maker’s stock after selling 25,545 shares during the period. Foster & Motley Inc.’s holdings in HP were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC increased its position in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 398 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of HP by 0.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock valued at $1,387,000 after acquiring an additional 470 shares in the last quarter. Vise Technologies Inc. lifted its position in HP by 2.4% during the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares during the last quarter. Finally, Centennial Wealth Advisory LLC grew its stake in HP by 2.7% in the 4th quarter. Centennial Wealth Advisory LLC now owns 19,640 shares of the computer maker’s stock worth $438,000 after buying an additional 518 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’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 completion of the transaction, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $22.91 on Friday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The company has a 50 day moving average price of $22.90 and a 200-day moving average price of $21.20. The stock has a market capitalization of $20.95 billion, a PE ratio of 8.45, a PEG ratio of 3.87 and a beta of 1.17.

HP (NYSE:HPQ) last announced its earnings results 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’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. Equities research analysts forecast that HP Inc. will post 2.98 EPS for the current 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 given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. HP’s dividend payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HPQ shares. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Morgan Stanley upped their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Wells Fargo & Company increased their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Citigroup upped their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Profile

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.