Fieldview Capital Management LLC Takes $4.75 Million Position in HP Inc. $HPQ

Fieldview Capital Management LLC acquired a new position in HP Inc. (NYSE:HPQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 174,511 shares of the computer maker’s stock, valued at approximately $4,752,000. HP comprises about 0.8% of Fieldview Capital Management LLC’s portfolio, making the stock its 19th biggest position.

Several other institutional investors have also added to or reduced their stakes in HPQ. Vanguard Group Inc. boosted its position in HP by 2.5% during the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after purchasing an additional 3,122,436 shares during the period. Dodge & Cox lifted its stake in shares of HP by 4.6% during the 2nd quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock valued at $854,718,000 after buying an additional 1,537,945 shares in the last quarter. Geode Capital Management LLC boosted its holdings in HP by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock worth $638,720,000 after buying an additional 424,544 shares during the period. Invesco Ltd. grew its stake in HP by 15.9% in the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after buying an additional 1,806,246 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in HP by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 8,066,521 shares of the computer maker’s stock valued at $197,307,000 after buying an additional 46,778 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 16,726 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The SEC filing for this sale provides additional information. 0.18% of the stock is owned by corporate insiders.

HP Trading Up 0.6%

Shares of HPQ opened at $19.45 on Monday. The company has a market cap of $17.79 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 5.40 and a beta of 1.18. The stock has a 50-day moving average price of $19.91 and a 200-day moving average price of $24.07. HP Inc. has a 12-month low of $17.56 and a 12-month high of $30.61.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share 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 analysts’ expectations of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. HP’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. HP’s dividend payout ratio is presently 45.45%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HPQ shares. UBS Group cut their price target on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. JPMorgan Chase & Co. decreased their price objective on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Zacks Research cut HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, HP has an average rating of “Reduce” and a consensus price target of $21.58.

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.