9,360 Shares in HP Inc. $HPQ Acquired by DRW Securities LLC

Key Points

• DRW Securities LLC has acquired a new stake in HP Inc., purchasing 9,360 shares valued at approximately $256,000 in the first quarter.
• HP's most recent quarterly earnings report showed robust revenue of $13.93 billion, exceeding analysts' expectations, and earnings per share (EPS) at $0.75.
• The company has declared a quarterly dividend of $0.2894 per share, resulting in a dividend yield of 4.1% for shareholders.

DRW Securities LLC purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,360 shares of the computer maker's stock, valued at approximately $256,000.

Other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in HP in the 1st quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in HP during the 1st quarter worth about $35,000. CoreCap Advisors LLC grew its holdings in HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after acquiring an additional 587 shares in the last quarter. Iron Horse Wealth Management LLC bought a new position in HP during the 1st quarter worth about $39,000. Finally, Financial Freedom LLC grew its holdings in HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after acquiring an additional 878 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup dropped their target price on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Finally, Morgan Stanley cut their price objective 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. Two investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $29.96.

HP Trading Up 1.4%

Shares of HPQ traded up $0.41 during midday trading on Friday, hitting $29.33. 8,677,072 shares of the company's stock traded hands, compared to its average volume of 8,876,058. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The firm's fifty day moving average is $26.20 and its 200-day moving average is $26.66. The stock has a market capitalization of $27.42 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.2894 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. HP's dividend payout ratio (DPR) is 42.34%.

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.