Savant Capital LLC Sells 26,335 Shares of HP Inc. $HPQ

Savant Capital LLC lowered its holdings in shares of HP Inc. (NYSE:HPQ) by 44.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,227 shares of the computer maker’s stock after selling 26,335 shares during the period. Savant Capital LLC’s holdings in HP were worth $740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 2,435,634 shares during the period. State Street Corp raised its position in HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC raised its position in HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares in the last quarter. DNB Asset Management AS raised its position in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after purchasing an additional 7,498,202 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after purchasing an additional 5,325,260 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 4.6%

NYSE HPQ opened at $26.05 on Thursday. The firm has a market cap of $23.82 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 4.60 and a beta of 1.17. The company has a 50 day moving average of $21.14 and a 200-day moving average of $21.17. HP Inc. has a 1-year low of $17.56 and a 1-year 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, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business 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, analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend 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 presently 44.28%.

Analysts Set New Price Targets

Several research firms recently issued reports on HPQ. UBS Group increased their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Bank of America upped their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their price objective on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $23.33.

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.