AQR Capital Management LLC Grows Stake in HP Inc. $HPQ

Key Points

• AQR Capital Management LLC increased its stake in HP Inc. by 3.6% during the first quarter, now owning approximately 4.23 million shares valued at $116.36 million.
• HP Inc. reported a quarterly revenue of $13.93 billion, exceeding estimates, with earnings per share (EPS) meeting the consensus at $0.75.
• The company declared a quarterly dividend of $0.2894 per share, with a yield of 4.0%, scheduled to be paid on October 1st.

AQR Capital Management LLC lifted its position in HP Inc. (NYSE:HPQ - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,231,333 shares of the computer maker's stock after buying an additional 146,868 shares during the quarter. AQR Capital Management LLC owned about 0.45% of HP worth $116,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atalanta Sosnoff Capital LLC lifted its stake in shares of HP by 18.0% during the 1st quarter. Atalanta Sosnoff Capital LLC now owns 13,598 shares of the computer maker's stock worth $377,000 after buying an additional 2,077 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in shares of HP by 9.6% in the first quarter. Federation des caisses Desjardins du Quebec now owns 55,843 shares of the computer maker's stock worth $1,546,000 after acquiring an additional 4,890 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of HP by 5.0% in the 1st quarter. EP Wealth Advisors LLC now owns 36,115 shares of the computer maker's stock valued at $1,000,000 after purchasing an additional 1,735 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in shares of HP by 5.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 16,222 shares of the computer maker's stock valued at $449,000 after purchasing an additional 878 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. bought a new stake in shares of HP during the 1st quarter valued at approximately $270,000. 77.53% of the stock is owned by institutional investors.

HP Stock Up 0.1%

Shares of HP stock traded up $0.02 during trading on Monday, reaching $29.36. The company's stock had a trading volume of 8,040,237 shares, compared to its average volume of 8,413,262. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The firm's 50-day moving average is $26.20 and its two-hundred day moving average is $26.54. The company has a market cap of $27.44 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.36 and a beta of 1.29.

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

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 3.9%. HP's payout ratio is currently 41.97%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HPQ. Morgan Stanley decreased their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. UBS Group upped their price target on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Finally, TD Cowen dropped their price objective on HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Two 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 stock. According to MarketBeat, HP presently has an average rating of "Hold" and an average target price of $29.96.

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.