Wealth Enhancement Advisory Services LLC Acquires 55,597 Shares of HP Inc. $HPQ

Wealth Enhancement Advisory Services LLC increased its position in HP Inc. (NYSE:HPQ) by 19.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 337,358 shares of the computer maker’s stock after purchasing an additional 55,597 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in HP were worth $8,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HPQ. Richardson Financial Services Inc. raised its position 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 valued at $77,000 after buying an additional 367 shares in the last quarter. IHT Wealth Management LLC boosted 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 worth $305,000 after acquiring an additional 398 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in HP by 42.9% during the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock worth $37,000 after buying an additional 405 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in HP by 6.4% during 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 period. Finally, Vident Advisory LLC lifted its stake in HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after purchasing an additional 444 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reiterated an “underweight” rating and set a $18.00 price target (down from $24.00) on shares of HP in a research report on Friday, January 16th. TD Cowen lowered their price objective on HP from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, Citigroup decreased their price objective on shares of HP from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, HP has a consensus rating of “Hold” and an average price target of $24.77.

Insider Buying and Selling at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the transaction, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider directly owned 169 shares in the company, valued at $4,196.27. This represents a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,123 shares of company stock worth $2,784,126 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $19.42 on Friday. HP Inc. has a fifty-two week low of $19.20 and a fifty-two week high of $35.28. The stock has a market capitalization of $17.82 billion, a P/E ratio of 7.33, a P/E/G ratio of 3.65 and a beta of 1.21. The company’s 50-day simple moving average is $22.95 and its 200-day simple moving average is $25.45.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. On average, research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. This is a boost from HP’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, December 11th. HP’s dividend payout ratio (DPR) is 45.28%.

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.