Applied Finance Capital Management LLC Sells 57,359 Shares of HP Inc. $HPQ

Applied Finance Capital Management LLC lowered its position in shares of HP Inc. (NYSE:HPQ) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,159,712 shares of the computer maker’s stock after selling 57,359 shares during the period. HP comprises about 1.9% of Applied Finance Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Applied Finance Capital Management LLC’s holdings in HP were worth $25,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garner Asset Management Corp purchased a new position in shares of HP during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in HP during the 4th quarter valued at $26,000. Sound Income Strategies LLC lifted its holdings in shares of HP by 97.0% during the 4th 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 period. Westfuller Advisors LLC bought a new position in shares of HP during the 3rd quarter valued at $28,000. Finally, Caitlin John LLC bought a new position in HP in the 3rd quarter worth $30,000. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HPQ shares. The Goldman Sachs Group decreased their price target on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a report on Wednesday, February 25th. UBS Group decreased 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. Evercore set a $22.00 price objective on shares of HP in a research note on Thursday, February 19th. Wells Fargo & Company cut their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Finally, Bank of America reissued an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $21.58.

HP Price Performance

Shares of NYSE HPQ opened at $20.82 on Friday. The company has a market capitalization of $19.04 billion, a P/E ratio of 7.89, a P/E/G ratio of 5.77 and a beta of 1.09. The company has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $21.38. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts expect that HP Inc. will post 2.84 EPS for the current year.

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.