Steel Grove Capital Advisors LLC Trims Stake in HP Inc. $HPQ

Steel Grove Capital Advisors LLC reduced its stake in shares of HP Inc. (NYSE:HPQ) by 83.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,177 shares of the computer maker’s stock after selling 60,726 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in HP were worth $271,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Applied Finance Capital Management LLC lifted its holdings in shares of HP by 8.4% during the 3rd quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after acquiring an additional 94,494 shares during the last quarter. 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 last quarter. Jones Financial Companies Lllp lifted its holdings in shares of HP by 34.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock worth $10,685,000 after acquiring an additional 102,825 shares during the last quarter. National Pension Service lifted its holdings in shares of HP by 10.0% during the 3rd quarter. National Pension Service now owns 2,320,504 shares of the computer maker’s stock worth $63,187,000 after acquiring an additional 211,443 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of HP by 8.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HPQ. Barclays reissued an “underweight” rating on shares of HP in a research note on Thursday. UBS Group lowered their price objective on shares of HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. The Goldman Sachs Group reduced their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Bank of America reiterated an “underperform” rating and set a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Finally, Evercore set a $22.00 price objective on shares of HP in a report on Thursday, February 19th. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $21.67.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat second-quarter estimates on both revenue and profit, which is supporting the stock. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said AI PC demand and the Windows 11 upgrade cycle boosted sales, suggesting underlying demand is improving. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: HP also raised/updated full-year and Q3 EPS guidance modestly versus consensus, which helps offset some of the uncertainty around the outlook. HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from a prior $2.47-$2.77 range, signaling margin or cost pressure ahead. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue

HP Stock Performance

Shares of HPQ opened at $25.55 on Thursday. The stock has a market cap of $23.37 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 6.75 and a beta of 1.09. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The firm’s 50-day simple moving average is $20.29 and its two-hundred day simple moving average is $21.11.

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 analysts’ consensus estimates 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 net margin of 4.46% and a negative return on equity of 367.41%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts predict that HP Inc. will post 2.85 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is currently 45.45%.

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.