Beverly Hills Private Wealth LLC Invests $2.21 Million in HP Inc. $HPQ

Beverly Hills Private Wealth LLC bought a new stake in HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 100,729 shares of the computer maker’s stock, valued at approximately $2,210,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Garner Asset Management Corp acquired a new stake in HP in the 4th quarter valued at about $25,000. SHP Wealth Management acquired a new position in shares of HP during the 4th quarter worth approximately $26,000. Union Savings Bank acquired a new position in shares of HP during the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new stake in shares of HP in the fourth quarter valued at approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of HP in the fourth quarter valued at approximately $32,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of HP stock opened at $30.13 on Monday. The stock has a 50 day moving average of $25.30 and a 200 day moving average of $22.05. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 5.08 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

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 $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. HP’s dividend payout ratio is presently 44.28%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday. Barclays upped their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, UBS Group raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Two equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $23.50.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. 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 have sold a total of 52,620 shares of company stock worth $1,478,622 over the last ninety days. 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.