Kendall Capital Management Takes $2.36 Million Position in HP Inc. $HPQ

Kendall Capital Management bought a new position in HP Inc. (NYSE:HPQ) during the second quarter, Holdings Channel reports. The firm bought 107,423 shares of the computer maker’s stock, valued at approximately $2,357,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in HP during the fourth quarter worth approximately $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after purchasing an additional 103,175 shares during the period. BNP Paribas lifted its stake in HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after buying an additional 128,296 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in HP in the 4th quarter worth about $7,939,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Up 1.0%

HPQ opened at $29.76 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19. The firm has a market capitalization of $27.22 billion, a PE ratio of 10.98, a PEG ratio of 5.01 and a beta of 1.17. The firm’s 50-day moving average price is $25.78 and its 200 day moving average price is $22.40.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.99 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’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, analysts predict that HP Inc. will post 2.98 earnings per share 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 paid 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 dividend yield of 4.0%. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal 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. Over the last three months, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HPQ shares. TD Cowen boosted their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. UBS Group raised their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group boosted their price target on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley increased their price objective on HP from $17.00 to $19.00 and gave the company 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 assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $23.50.

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.