Impact Partnership Wealth LLC Sells 42,576 Shares of HP Inc. $HPQ

Impact Partnership Wealth LLC trimmed its holdings in HP Inc. (NYSE:HPQ) by 75.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,858 shares of the computer maker’s stock after selling 42,576 shares during the period. Impact Partnership Wealth LLC’s holdings in HP were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. DNB Asset Management AS boosted its holdings in shares of HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after acquiring an additional 7,498,202 shares during the period. Norges Bank bought a new stake in shares of HP during the 4th quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership lifted its holdings in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC lifted its holdings in HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after purchasing an additional 5,325,260 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in HP by 626.6% in the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after purchasing an additional 4,267,600 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

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

HP Stock Down 0.3%

Shares of NYSE HPQ opened at $21.95 on Friday. The stock’s 50-day simple moving average is $23.07 and its two-hundred day simple moving average is $21.08. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The firm has a market capitalization of $20.07 billion, a P/E ratio of 8.10, a P/E/G ratio of 3.72 and a beta of 1.19.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 5.5%. HP’s payout ratio is presently 44.28%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPQ. TD Cowen lifted their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group raised their price objective on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company boosted 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. UBS Group upped their target price on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, HP presently has a consensus rating of “Reduce” and a consensus target price of $23.33.

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.