Mainstay Capital Management LLC ADV Sells 61,678 Shares of HP Inc. $HPQ

Mainstay Capital Management LLC ADV lessened its holdings in HP Inc. (NYSE:HPQ) by 50.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,450 shares of the computer maker’s stock after selling 61,678 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in HP were worth $1,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HPQ. Richardson Financial Services Inc. grew its stake in shares of HP by 14.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after buying an additional 367 shares during the last quarter. Auxano Advisors LLC raised its stake in HP by 4.4% during the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after buying an additional 391 shares during the last quarter. IHT Wealth Management LLC raised its stake in HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in HP by 42.9% in the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after acquiring an additional 405 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of HP by 6.4% in the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after acquiring an additional 410 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore set a $22.00 price target on HP in a report on Thursday, February 19th. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a research report on Monday, December 1st. Barclays reduced their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $21.58.

HP Price Performance

Shares of NYSE:HPQ opened at $18.23 on Thursday. The company has a market cap of $16.67 billion, a P/E ratio of 6.90, a PEG ratio of 5.21 and a beta of 1.18. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55. The stock’s fifty day moving average price is $19.36 and its 200-day moving average price is $23.60.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period last year, the company earned $0.74 EPS. HP’s revenue for the quarter was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.6%. HP’s payout ratio is currently 45.45%.

Insider Activity at HP

In other news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.