Sterling Capital Management LLC Trims Stock Position in HP Inc. $HPQ

Sterling Capital Management LLC cut its holdings in shares of HP Inc. (NYSE:HPQ) by 44.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,395 shares of the computer maker’s stock after selling 24,953 shares during the period. Sterling Capital Management LLC’s holdings in HP were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Garner Asset Management Corp purchased a new position in shares of HP during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of HP in the 4th quarter valued at about $26,000. SHP Wealth Management acquired a new stake in HP during the fourth quarter worth about $26,000. Sound Income Strategies LLC grew its holdings in HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares during the period. Finally, Union Savings Bank purchased a new position in HP during the fourth quarter valued at approximately $28,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Down 0.3%

Shares of HPQ opened at $21.95 on Friday. The firm has a market cap of $20.07 billion, a P/E ratio of 8.10, a PEG ratio of 3.72 and a beta of 1.19. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The stock’s 50 day moving average is $23.07 and its two-hundred day moving average is $21.08.

HP (NYSE:HPQ) last announced its earnings results 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. 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 forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Insider Activity

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

Analyst Ratings Changes

HPQ has been the topic of several recent research reports. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Citigroup increased their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. TD Cowen raised their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus target price of $23.33.

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.