Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 283,165 Shares of HP Inc. $HPQ

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in HP Inc. (NYSE:HPQ) by 70.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,226 shares of the computer maker’s stock after selling 283,165 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in HP were worth $3,165,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC boosted its stake in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of HP in the second quarter valued at approximately $27,000. Westfuller Advisors LLC bought a new stake in shares of HP in the third quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of HP by 72.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after acquiring an additional 512 shares during the last quarter. Finally, Corsicana & Co. acquired a new stake in shares of HP in the third quarter worth $33,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $18.59 on Friday. The stock’s 50 day simple moving average is $20.87 and its 200 day simple moving average is $24.61. HP Inc. has a one year low of $18.12 and a one year high of $35.28. The firm has a market cap of $17.07 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.21.

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

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio is presently 45.28%.

Insider Activity

In other HP news, insider Anneliese Olson sold 16,726 shares of the 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 approximately $4,196.27. This trade represents a 99.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the sale, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 91,969 shares of company stock valued at $2,277,993 over the last three months. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Cowen cut their price objective on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. The Goldman Sachs Group cut HP from a “neutral” rating to a “sell” rating and set a $21.00 price target for the company. in a report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price objective on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Barclays restated an “underweight” rating and set a $18.00 price objective (down from $24.00) on shares of HP in a research report on Friday, January 16th. Finally, Evercore set a $22.00 target price on HP in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $23.62.

HP 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.