F&V Capital Management LLC Has $231,000 Position in HP Inc. $HPQ

F&V Capital Management LLC lowered its position in shares of HP Inc. (NYSE:HPQFree Report) by 96.4% in the first quarter, HoldingsChannel reports. The fund owned 12,000 shares of the computer maker’s stock after selling 321,201 shares during the period. F&V Capital Management LLC’s holdings in HP were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its stake in shares of HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after purchasing an additional 551 shares during the period. Daiwa Securities Group Inc. increased its holdings in HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after purchasing an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after purchasing an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new position in HP in the second quarter valued at about $233,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPQ has been the topic of a number of analyst reports. Bank of America increased their price target on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Morgan Stanley raised their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $23.33.

Read Our Latest Research Report on HPQ

HP Stock Performance

NYSE:HPQ opened at $21.95 on Friday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The company has a market cap of $20.07 billion, a P/E ratio of 8.10, a P/E/G ratio of 3.72 and a beta of 1.19. The stock’s 50-day simple moving average is $23.07 and its 200 day simple moving average is $21.08.

HP (NYSE:HPQGet Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $13.99 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue 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. As a group, equities analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 5.5%. HP’s payout ratio is presently 44.28%.

Insider Buying and Selling

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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