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

Savant Capital LLC trimmed its holdings in HP Inc. (NYSE:HPQ) by 44.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,227 shares of the computer maker’s stock after selling 26,335 shares during the quarter. Savant Capital LLC’s holdings in HP were worth $740,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HPQ. Garner Asset Management Corp bought a new position in shares of HP in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP in the fourth quarter valued at about $26,000. Sound Income Strategies LLC raised 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 buying an additional 646 shares during the last quarter. Caitlin John LLC bought a new position in shares of HP in the third quarter valued at about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of HP in the fourth quarter valued at about $32,000. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. TD Cowen boosted their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Bank of America boosted their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Trading Down 4.6%

Shares of NYSE:HPQ opened at $26.05 on Thursday. The stock has a market capitalization of $23.82 billion, a P/E ratio of 9.61, a P/E/G ratio of 4.60 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The business has a 50-day moving average price of $21.14 and a two-hundred day moving average price of $21.17.

HP (NYSE:HPQ) last announced 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 firm had revenue of $14.41 billion during 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 company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. 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 EPS for the current year.

HP Announces Dividend

The business also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, June 10th. HP’s payout ratio is presently 44.28%.

HP Company 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.