Empowered Funds LLC Purchases Shares of 540,574 HP Inc. $HPQ

Empowered Funds LLC acquired a new position in HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 540,574 shares of the computer maker’s stock, valued at approximately $11,860,000.

Several other hedge funds have also modified their holdings of HPQ. Garner Asset Management Corp purchased a new position in shares of HP in the fourth quarter valued at $25,000. SHP Wealth Management bought a new stake in HP in the fourth quarter worth $26,000. Union Savings Bank purchased a new stake in HP during the fourth quarter valued at $28,000. Aberdeen Wealth Management LLC bought a new position in HP during the second quarter valued at $29,000. Finally, DV Equities LLC bought a new position in HP during the fourth quarter valued at $29,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Up 3.1%

HPQ stock opened at $30.56 on Friday. The stock has a market cap of $27.95 billion, a PE ratio of 11.66, a P/E/G ratio of 4.73 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The company has a 50-day moving average price of $26.38 and a 200 day moving average price of $22.76.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that HP Inc. will post 3.25 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s payout ratio is presently 45.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. UBS Group boosted their price objective on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $25.17.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock valued at $1,478,622. Corporate 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.