LMG Wealth Partners LLC Acquires 22,230 Shares of HP Inc. $HPQ

LMG Wealth Partners LLC increased its stake in HP Inc. (NYSE:HPQ) by 54.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,694 shares of the computer maker’s stock after acquiring an additional 22,230 shares during the period. LMG Wealth Partners LLC’s holdings in HP were worth $1,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HPQ. Caitlin John LLC purchased a new position in shares of HP in the 3rd quarter worth approximately $30,000. Garner Asset Management Corp purchased a new stake in HP during the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in HP in the fourth quarter worth $26,000. SHP Wealth Management purchased a new position in HP during the fourth quarter worth $26,000. Finally, Union Savings Bank purchased a new position in HP during the fourth quarter worth $28,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Price Performance

Shares of HPQ stock opened at $23.55 on Tuesday. The company has a market capitalization of $21.54 billion, a P/E ratio of 8.69, a P/E/G ratio of 3.96 and a beta of 1.16. The company’s 50-day simple moving average is $22.56 and its two-hundred day simple moving average is $21.24. HP Inc. has a one year low of $17.56 and a one year high of $29.65.

HP (NYSE:HPQ) last posted 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 during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, research analysts expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders 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 5.1%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is currently 44.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HPQ. UBS Group increased their target price on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group lifted their price target on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. 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 report on Thursday, May 28th. Finally, Morgan Stanley raised their price objective 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 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $23.33.

Insider Activity at HP

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

HP Company 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.