Merit Financial Group LLC Purchases 28,190 Shares of HP Inc. $HPQ

Posted by Brenda Bartman on Aug 13th, 2026

Merit Financial Group LLC grew its position in shares of HP Inc. (NYSE:HPQ – Free Report) by 73.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,354 shares of the computer maker’s stock after acquiring an additional 28,190 shares during the quarter. Merit Financial Group LLC’s holdings in HP were worth $1,456,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of HP by 8.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of HP in the fourth quarter worth $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after acquiring an additional 103,175 shares during the period. Finally, BNP Paribas raised its stake in shares of HP by 8,978.0% in the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after acquiring an additional 128,296 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup boosted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. TD Cowen lifted their price objective on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two research 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.com, the company has an average rating of “Reduce” and a consensus price target of $23.50.

View Our Latest Research Report on HPQ

Insider Activity

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

HP Stock Performance

Shares of NYSE HPQ opened at $29.19 on Thursday. The stock’s 50-day simple moving average is $25.11 and its 200-day simple moving average is $21.90. The firm has a market capitalization of $26.69 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 4.90 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $30.87.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm 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% compared to the same quarter last year. During the same period in the prior 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. On average, sell-side analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. HP’s dividend payout ratio is presently 44.28%.

About HP

(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.