Inceptionr LLC Increases Position in HP Inc. $HPQ

Inceptionr LLC lifted its position in HP Inc. (NYSE:HPQ) by 43.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 67,805 shares of the computer maker’s stock after purchasing an additional 20,447 shares during the quarter. HP comprises about 0.4% of Inceptionr LLC’s investment portfolio, making the stock its 27th biggest holding. Inceptionr LLC’s holdings in HP were worth $1,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPQ. Garner Asset Management Corp purchased a new stake in shares of HP in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP during the fourth quarter worth $26,000. Sound Income Strategies LLC boosted its position in shares of HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares during the last quarter. Caitlin John LLC bought a new position in shares of HP during the third quarter worth $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of HP during the fourth quarter worth $32,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 1.0%

HPQ stock opened at $24.70 on Thursday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The company has a fifty day simple moving average of $21.75 and a two-hundred day simple moving average of $21.25. The firm has a market capitalization of $22.59 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 4.21 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings data 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 net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the business earned $0.71 earnings per share. HP’s quarterly revenue was up 9.0% compared to the same quarter last year. 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 anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.9%. HP’s dividend payout ratio (DPR) is 44.28%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPQ. The Goldman Sachs Group upped their target price on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Barclays upped their target price on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Citigroup upped their target price on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, UBS Group upped their target price on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report 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 MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $23.33.

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.