Applied Finance Capital Management LLC Has $27.18 Million Stock Holdings in HP Inc. $HPQ

Applied Finance Capital Management LLC raised its position in HP Inc. (NYSE:HPQ) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,414,983 shares of the computer maker’s stock after purchasing an additional 255,271 shares during the quarter. HP comprises approximately 2.0% of Applied Finance Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Applied Finance Capital Management LLC’s holdings in HP were worth $27,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HPQ. Baird Financial Group Inc. raised its position in shares of HP by 13.1% during the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after buying an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of HP by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after acquiring an additional 551 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after acquiring an additional 8,779 shares during the period. Treasurer of the State of North Carolina raised its holdings in HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in HP during the second quarter worth approximately $233,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

HP Trading Up 0.1%

Shares of HPQ stock opened at $24.23 on Monday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 4.09 and a beta of 1.19. The stock’s fifty day simple moving average is $23.46 and its 200-day simple moving average is $21.06.

HP (NYSE:HPQ) last announced 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 firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, sell-side analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is currently 44.28%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group lifted their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Morgan Stanley boosted their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Barclays increased their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price 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.