Aberdeen Group plc Sells 474,793 Shares of HP Inc. $HPQ

Aberdeen Group plc lessened its stake in HP Inc. (NYSE:HPQ - Free Report) by 35.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 872,451 shares of the computer maker's stock after selling 474,793 shares during the period. Aberdeen Group plc owned about 0.09% of HP worth $24,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP in the 1st quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of HP in the fourth quarter valued at $36,000. Iron Horse Wealth Management LLC bought a new position in HP in the first quarter worth $39,000. Financial Freedom LLC boosted its stake in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after buying an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after buying an additional 947 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

HPQ traded down $0.5040 during mid-day trading on Wednesday, reaching $26.4960. The stock had a trading volume of 6,458,870 shares, compared to its average volume of 7,407,183. The firm's fifty day simple moving average is $25.27 and its two-hundred day simple moving average is $27.06. The stock has a market capitalization of $24.89 billion, a P/E ratio of 10.23, a P/E/G ratio of 2.19 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. HP's payout ratio is currently 44.79%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPQ shares. TD Cowen dropped their price objective on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Wells Fargo & Company dropped their price target on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research report on Thursday, May 29th. Citigroup cut their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Finally, Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, HP has a consensus rating of "Hold" and a consensus price target of $29.54.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.