HP Inc. $HPQ Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has reduced its holdings in HP Inc. by 7.8%, selling 59,600 shares and retaining 705,836 shares, valued at approximately $19.5 million.
• HP Inc. recently reported a quarterly revenue increase of 3.1% year-over-year, reaching $13.93 billion, and met earnings expectations with an EPS of $0.75.
• The company declared a quarterly dividend of $0.2894 per share, with an annualized yield of 3.9% and a payout ratio of 42.34%.

Adage Capital Partners GP L.L.C. lessened its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 705,836 shares of the computer maker's stock after selling 59,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of HP worth $19,545,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in HP during the 1st quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in HP during the first quarter worth $35,000. Iron Horse Wealth Management LLC purchased a new stake in HP during the first quarter worth $39,000. Financial Freedom LLC boosted its holdings 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 lifted its holdings 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 valued at $42,000 after purchasing an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HPQ shares. Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. TD Cowen reduced their price target on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Finally, Morgan Stanley lowered their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $29.96.

HP Stock Performance

HPQ traded up $0.02 during trading on Monday, hitting $29.36. The stock had a trading volume of 8,040,237 shares, compared to its average volume of 8,956,178. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The firm has a market capitalization of $27.44 billion, a P/E ratio of 10.71, a PEG ratio of 2.36 and a beta of 1.29. The company's 50-day moving average price is $26.30 and its 200 day moving average price is $26.51.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same period in the prior year, the company posted $0.83 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. HP's dividend payout ratio is 42.34%.

About HP

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.