Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.58 Million Stock Position in HP Inc. $HPQ

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its stake in HP Inc. (NYSE:HPQ) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,704 shares of the computer maker’s stock after selling 45,522 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in HP were worth $1,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HPQ. Elevation Point Wealth Partners LLC acquired a new stake in shares of HP during the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. raised its position in HP by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,228 shares of the computer maker’s stock valued at $1,595,000 after purchasing an additional 10,354 shares in the last quarter. Norges Bank bought a new stake in HP during the second quarter worth $91,698,000. Lido Advisors LLC lifted its stake in HP by 103.0% during the second quarter. Lido Advisors LLC now owns 66,261 shares of the computer maker’s stock worth $1,632,000 after purchasing an additional 33,625 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of HP by 4.9% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 26,349 shares of the computer maker’s stock valued at $645,000 after purchasing an additional 1,239 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HPQ. Evercore set a $22.00 price target on HP in a report on Thursday, February 19th. Bank of America reissued an “underperform” rating and issued a $20.00 target price (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Wells Fargo & Company cut their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. UBS Group cut their price objective on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Citigroup lowered their target price on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $21.58.

HP Stock Performance

HPQ stock opened at $19.50 on Friday. The company has a market capitalization of $17.83 billion, a P/E ratio of 7.38, a PEG ratio of 5.42 and a beta of 1.11. The company has a fifty day moving average price of $19.01 and a 200-day moving average price of $22.83. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Wednesday, March 11th. HP’s dividend payout ratio (DPR) is 45.45%.

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.