Sigma Planning Corp Has $2.06 Million Holdings in HP Inc. $HPQ

Sigma Planning Corp boosted its position in HP Inc. (NYSE:HPQ – Free Report) by 23.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 94,020 shares of the computer maker’s stock after purchasing an additional 18,071 shares during the period. Sigma Planning Corp’s holdings in HP were worth $2,063,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Garner Asset Management Corp acquired a new position in shares of HP in the 4th quarter valued at about $25,000. SHP Wealth Management acquired a new position in HP in the fourth quarter valued at approximately $26,000. Union Savings Bank bought a new position in shares of HP during the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $29,000. Finally, Aberdeen Wealth Management LLC acquired a new stake in shares of HP during the 2nd quarter worth approximately $29,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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HP Price Performance

NYSE:HPQ opened at $30.03 on Tuesday. HP Inc. has a one year low of $17.56 and a one year high of $32.19. The company has a market cap of $27.08 billion, a PE ratio of 11.46, a PEG ratio of 3.23 and a beta of 1.17. The firm has a 50-day moving average of $26.51 and a 200-day moving average of $22.86.

HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that HP Inc. will post 3.25 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is presently 45.80%.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,620 shares of company stock valued at $1,478,622. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HPQ shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $32.00 target price on shares of HP in a research report on Thursday. Bank of America reaffirmed an “underperform” rating on shares of HP in a research note on Thursday. Barclays increased their price objective on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday. Morgan Stanley decreased their target price on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, August 24th. Finally, Evercore set a $32.00 price target on HP in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $25.17.

View Our Latest Research Report on HPQ

HP Profile

(Free Report)

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.

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