HP Inc. $HPQ Stake Lessened by LSV Asset Management

LSV Asset Management lessened its stake in HP Inc. (NYSE:HPQ) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,224,639 shares of the computer maker’s stock after selling 161,267 shares during the quarter. LSV Asset Management’s holdings in HP were worth $250,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of HP by 7.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,481,211 shares of the computer maker’s stock worth $40,333,000 after buying an additional 101,844 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in shares of HP by 8.4% in the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after buying an additional 94,494 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of HP by 1.9% in the fourth 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 last quarter. Maj Invest Holding A S increased its stake in shares of HP by 3.8% in the third quarter. Maj Invest Holding A S now owns 5,754,138 shares of the computer maker’s stock worth $156,686,000 after buying an additional 210,762 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of HP by 34.6% in the third quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock worth $10,685,000 after buying an additional 102,825 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 15.2%

Shares of HP stock opened at $25.24 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55. The stock has a market capitalization of $23.08 billion, a P/E ratio of 9.56, a PEG ratio of 6.08 and a beta of 1.09. The stock has a 50 day moving average price of $19.92 and a two-hundred day moving average price of $21.18.

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 the consensus estimate of $0.77 by $0.04. The company had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Sell-side analysts anticipate that HP Inc. will post 2.84 earnings per share for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is currently 45.45%.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of research analyst reports. Bank of America restated an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wells Fargo & Company dropped their price target 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. Finally, Barclays cut their price objective on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $21.67.

About HP

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.