Sivia Capital Partners LLC Makes New $668,000 Investment in HP Inc. $HPQ

Sivia Capital Partners LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,965 shares of the computer maker’s stock, valued at approximately $668,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lido Advisors LLC raised its holdings in shares of HP by 4.5% during the fourth quarter. Lido Advisors LLC now owns 59,297 shares of the computer maker’s stock worth $1,424,000 after purchasing an additional 2,531 shares during the period. CIBC Asset Management Inc raised its holdings in shares of HP by 56.6% during the fourth quarter. CIBC Asset Management Inc now owns 238,678 shares of the computer maker’s stock worth $5,318,000 after purchasing an additional 86,291 shares during the period. Kesler Norman & Wride LLC raised its holdings in shares of HP by 55.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 32,675 shares of the computer maker’s stock worth $728,000 after purchasing an additional 11,685 shares during the period. AXQ Capital LP acquired a new stake in shares of HP in the 4th quarter worth about $1,705,000. Finally, BNP Paribas increased its holdings in shares of HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after acquiring an additional 128,296 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Up 1.0%

Shares of NYSE:HPQ opened at $26.29 on Friday. The company has a 50 day moving average of $21.28 and a 200-day moving average of $21.18. The firm has a market cap of $24.05 billion, a P/E ratio of 9.70, a P/E/G ratio of 4.39 and a beta of 1.17. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. HP’s dividend payout ratio (DPR) is 44.28%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HPQ. Evercore set a $22.00 price objective on shares of HP in a report on Thursday, February 19th. Wells Fargo & Company increased their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Bank of America increased their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, TD Cowen increased their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $23.33.

HP 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.