Assetmark Inc. Has $804,000 Stock Position in HP Inc. $HPQ

Assetmark Inc. lessened its stake in shares of HP Inc. (NYSE:HPQ) by 68.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 41,857 shares of the computer maker’s stock after selling 89,048 shares during the period. Assetmark Inc.’s holdings in HP were worth $804,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in shares of HP during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HP in the 4th quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in shares of HP in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC increased its holdings in HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after buying an additional 646 shares during the last quarter. Finally, Union Savings Bank bought a new stake in HP during the fourth quarter worth $28,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

Shares of HPQ stock opened at $25.82 on Friday. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 4.34 and a beta of 1.19. The company has a 50-day simple moving average of $24.14 and a 200 day simple moving average of $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 results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. 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 forecast that HP Inc. will post 2.98 EPS for the current 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 paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. HP’s dividend payout ratio (DPR) is 44.28%.

Wall Street Analyst Weigh In

A number of analysts have commented on HPQ shares. The Goldman Sachs Group increased their price target on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. UBS Group boosted their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Citigroup upped their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $23.33.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of HP 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

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.