HP Inc. $HPQ Shares Sold by Amundi

Key Points

• Amundi reduced its stake in HP Inc. by 8.9%, owning 5,976,600 shares after selling 584,799 shares in the first quarter.
• HP reported $0.75 EPS for the quarter, matching analysts' expectations, and had a year-over-year revenue increase of 3.1%.
• The company announced a quarterly dividend of $0.2894 per share, providing an annualized yield of 4.0% for shareholders.

Amundi reduced its position in HP Inc. (NYSE:HPQ - Free Report) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,976,600 shares of the computer maker's stock after selling 584,799 shares during the period. Amundi owned approximately 0.63% of HP worth $151,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. Nuveen LLC purchased a new position in HP in the 1st quarter valued at about $179,037,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of HP during the fourth quarter worth about $63,612,000. Invesco Ltd. lifted its position in shares of HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after purchasing an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker's stock worth $64,642,000 after purchasing an additional 1,147,342 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of HP by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock worth $303,105,000 after purchasing an additional 707,742 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of HPQ stock traded up $0.02 during midday trading on Monday, reaching $29.36. 8,040,237 shares of the company were exchanged, compared to its average volume of 8,413,262. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The company has a market cap 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 $26.20 and its two-hundred day moving average price is $26.54.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting 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 analyst estimates of $13.69 billion. During the same quarter last year, the business earned $0.83 earnings per share. 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, sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a $0.2894 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a yield of 3.9%. HP's payout ratio is 41.97%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HPQ. UBS Group increased their price target on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Morgan Stanley reduced their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 29th. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Finally, Bank of America reduced their price target on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $29.96.

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.