Dimensional Fund Advisors LP Purchases 102,017 Shares of HP Inc. $HPQ

Key Points

• Dimensional Fund Advisors LP increased its stake in HP Inc. by 2.1% in the 1st quarter, acquiring an additional 102,017 shares, bringing its total holdings to approximately 4.92 million shares valued at $136.2 million.
• Despite an increase in quarterly revenue by 3.3% year-over-year, HP reported earnings per share of $0.71, falling short of the consensus estimate of $0.80.
• The company announced a quarterly dividend of $0.2894 per share, representing an annualized yield of 4.4%, with the ex-dividend date set for September 10th.

Dimensional Fund Advisors LP lifted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,919,661 shares of the computer maker's stock after acquiring an additional 102,017 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.52% of HP worth $136,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in HP during the 1st quarter worth about $449,000. Kovitz Investment Group Partners LLC lifted its holdings in HP by 1.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 119,683 shares of the computer maker's stock worth $3,314,000 after purchasing an additional 1,602 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in HP by 13.5% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 28,876 shares of the computer maker's stock worth $800,000 after purchasing an additional 3,430 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in HP by 115.8% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 30,474 shares of the computer maker's stock worth $844,000 after purchasing an additional 16,355 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in HP by 3.0% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,891 shares of the computer maker's stock worth $828,000 after purchasing an additional 875 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HPQ. Evercore ISI dropped their price objective on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Citigroup dropped their price objective on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price target on HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, May 29th. KGI Securities initiated coverage on HP in a report on Thursday, May 29th. They issued a "neutral" rating on the stock. Finally, Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a report on Tuesday. Two 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $29.54.

HP Stock Up 0.3%

NYSE:HPQ opened at $26.55 on Friday. The business's 50-day moving average price is $25.34 and its two-hundred day moving average price is $27.02. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The stock has a market cap of $24.94 billion, a P/E ratio of 10.25, a PEG ratio of 2.14 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). The business had revenue of $13.22 billion during the quarter, compared to analysts' expectations of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio (DPR) is currently 44.79%.

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.

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