Chicago Partners Investment Group LLC Purchases Shares of 25,437 HP Inc. $HPQ

Chicago Partners Investment Group LLC acquired a new position in shares of HP Inc. (NYSE:HPQ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,437 shares of the computer maker’s stock, valued at approximately $520,000.

Other hedge funds also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in shares of HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in HP during the 4th quarter worth approximately $26,000. SHP Wealth Management bought a new stake in HP during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC increased its holdings in HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares in the last quarter. Finally, Union Savings Bank acquired a new stake in HP during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

Shares of HP stock opened at $24.84 on Friday. The firm has a 50 day simple moving average of $23.76 and a 200 day simple moving average of $21.12. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm has a market cap of $22.71 billion, a P/E ratio of 9.16, a P/E/G ratio of 4.19 and a beta of 1.19.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for 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 business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, sell-side analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Insider Transactions at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider owned 92,200 shares in the company, valued at $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on HPQ. JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group increased their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, HP currently has an average rating of “Reduce” and an average price target of $23.33.

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.