Foster & Motley Inc. Purchases New Stake in HP Inc. $HPQ

Foster & Motley Inc. acquired a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 80,410 shares of the computer maker’s stock, valued at approximately $1,764,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. acquired a new position in HP in the second quarter worth $341,000. Meeder Asset Management Inc. acquired a new stake in shares of HP during the second quarter worth $566,000. Citizens Financial Group Inc. RI bought a new position in shares of HP in the 2nd quarter worth about $626,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of HP in the 2nd quarter worth about $370,000. Finally, Auxano Advisors LLC acquired a new position in shares of HP in the 2nd quarter valued at about $250,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 0.1%

HPQ stock opened at $29.99 on Thursday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The firm’s 50-day simple moving average is $25.59 and its 200 day simple moving average is $22.28. The stock has a market cap of $27.43 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 5.05 and a beta of 1.17.

HP (NYSE:HPQ) last posted its 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 net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the business posted $0.71 EPS. HP’s revenue 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. Equities analysts forecast that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 dividend yield of 4.0%. HP’s payout ratio is currently 44.28%.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 in the last three months. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HPQ shares. Bank of America boosted their price objective on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. UBS Group raised 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. Morgan Stanley lifted their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. TD Cowen increased their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $23.50.

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.