LVM Capital Management Ltd. MI Makes New Investment in HP Inc. $HPQ

LVM Capital Management Ltd. MI bought a new stake in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,075 shares of the computer maker’s stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Garner Asset Management Corp acquired a new stake in HP in the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new position in HP during the fourth quarter worth about $26,000. SHP Wealth Management acquired a new position in HP during the fourth quarter worth about $26,000. Sound Income Strategies LLC lifted its holdings in shares of HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares in the last quarter. Finally, Union Savings Bank purchased a new stake in shares of HP in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $29.86 on Tuesday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $30.87. The company has a market capitalization of $27.31 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The stock has a fifty day moving average of $25.01 and a two-hundred day moving average of $21.76.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, equities research analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.0%. HP’s payout ratio is 44.28%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HPQ. TD Cowen raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Citigroup upped their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group increased their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. Wells Fargo & Company raised their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $23.33.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $27.88, for a total transaction of $293,409.12. Following the transaction, the insider directly owned 71,152 shares in the company, valued at $1,983,717.76. This represents a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 31,572 shares of company stock worth $847,603. Corporate insiders own 0.18% of the company’s stock.

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.