NewEdge Advisors LLC Has $6.46 Million Holdings in HP Inc. $HPQ

NewEdge Advisors LLC grew its holdings in shares of HP Inc. (NYSE:HPQ) by 47.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336,423 shares of the computer maker’s stock after purchasing an additional 108,468 shares during the quarter. NewEdge Advisors LLC’s holdings in HP were worth $6,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DNB Asset Management AS increased its holdings in shares of HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after purchasing an additional 7,498,202 shares during the period. Norges Bank acquired a new position in shares of HP in the 4th quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after acquiring an additional 5,449,691 shares during the period. AQR Capital Management LLC boosted its position in shares of HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after acquiring an additional 5,325,260 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in HP by 626.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after acquiring an additional 4,267,600 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on HPQ shares. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Morgan Stanley raised their target price on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group boosted their price target on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $23.33.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $27.88, for a total transaction of $293,409.12. Following the completion of the sale, the insider directly owned 71,152 shares of the company’s stock, valued at $1,983,717.76. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 31,572 shares of company stock worth $847,603. 0.18% of the stock is owned by insiders.

HP Stock Performance

Shares of HPQ opened at $29.86 on Tuesday. The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 5.07 and a beta of 1.17. The business’s fifty day moving average price is $25.01 and its two-hundred day moving average price is $21.76. HP Inc. has a 52 week low of $17.56 and a 52 week high of $30.87.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company 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 firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, research analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

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.