44 Wealth Management LLC Decreases Stake in HP Inc. $HPQ

44 Wealth Management LLC lessened its stake in HP Inc. (NYSE:HPQ) by 39.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,015 shares of the computer maker’s stock after selling 22,615 shares during the quarter. 44 Wealth Management LLC’s holdings in HP were worth $758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Clearstead Advisors LLC boosted its stake in shares of HP by 38.9% in the 4th quarter. Clearstead Advisors LLC now owns 38,225 shares of the computer maker’s stock valued at $852,000 after buying an additional 10,714 shares during the period. Swedbank AB raised its position in shares of HP by 3.6% during the 4th quarter. Swedbank AB now owns 859,581 shares of the computer maker’s stock worth $19,151,000 after acquiring an additional 30,069 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of HP during the 4th quarter worth about $32,000. Jefferies Financial Group Inc. acquired a new stake in shares of HP during the 4th quarter worth about $1,957,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of HP by 34.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 13,581 shares of the computer maker’s stock worth $303,000 after acquiring an additional 3,448 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HPQ. UBS Group cut their target price on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley raised their target price on HP from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday. Barclays cut their target price on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group cut their target price on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and a consensus price target of $21.67.

HP Stock Down 0.0%

HPQ opened at $25.24 on Monday. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 7.01 and a beta of 1.09. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.55. The business’s 50 day moving average is $19.92 and its two-hundred day moving average is $21.14.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The company had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities analysts expect that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given 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 yield of 4.8%. HP’s payout ratio is 45.45%.

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.