Mission Wealth Management LP Grows Stake in HP Inc. $HPQ

Mission Wealth Management LP raised its holdings in HP Inc. (NYSE:HPQ) by 145.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 96,344 shares of the computer maker’s stock after buying an additional 57,027 shares during the quarter. Mission Wealth Management LP’s holdings in HP were worth $2,114,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. West Paces Advisors Inc. bought a new position in shares of HP during the second quarter valued at approximately $34,000. Tema ETFs LLC boosted its holdings in HP by 10.0% in the second quarter. Tema ETFs LLC now owns 19,066 shares of the computer maker’s stock valued at $418,000 after acquiring an additional 1,740 shares in the last quarter. LVM Capital Management Ltd. MI purchased a new position in HP during the 2nd quarter valued at $572,000. Fulton Bank N.A. raised its holdings in HP by 8.6% in the 2nd quarter. Fulton Bank N.A. now owns 163,852 shares of the computer maker’s stock worth $3,595,000 after purchasing an additional 13,027 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in HP in the 2nd quarter worth $57,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Up 0.4%

HP stock opened at $29.19 on Thursday. The business’s fifty day simple moving average is $25.11 and its two-hundred day simple moving average is $21.90. HP Inc. has a 12 month low of $17.56 and a 12 month high of $30.87. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 4.90 and a beta of 1.17.

HP (NYSE:HPQ) last issued 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 negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company 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. On average, equities research analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.1%. HP’s payout ratio is 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction 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 valued at $1,478,622 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of a number of research reports. Morgan Stanley lifted their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. TD Cowen raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group upped their target price on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Bank of America upped their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.50.

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.