LSV Asset Management Cuts Stake in HP Inc. $HPQ

LSV Asset Management reduced its stake in shares of HP Inc. (NYSE:HPQ) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,224,639 shares of the computer maker’s stock after selling 161,267 shares during the period. LSV Asset Management owned 1.22% of HP worth $250,085,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Auxano Advisors LLC raised its holdings in HP by 4.4% in the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after buying an additional 391 shares during the period. IHT Wealth Management LLC increased its position in shares of HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after acquiring an additional 398 shares in the last quarter. Vident Advisory LLC increased its position in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after acquiring an additional 444 shares in the last quarter. Personal CFO Solutions LLC boosted its position in HP by 2.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock worth $585,000 after purchasing an additional 459 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in HP by 0.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Up 15.2%

Shares of NYSE:HPQ opened at $25.24 on Friday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55. The company has a 50 day moving average of $19.92 and a two-hundred day moving average of $21.18. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 6.08 and a beta of 1.09.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter last year, the company earned $0.74 earnings per share. HP’s revenue for the quarter was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities analysts anticipate that HP Inc. will post 2.84 earnings per share for the current year.

HP Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on HPQ shares. The Goldman Sachs Group decreased their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Morgan Stanley upped their price target on shares of HP from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday. Citigroup decreased their price target on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Wells Fargo & Company decreased their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Finally, UBS Group decreased their price target on shares of HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $21.67.

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.