Erste Asset Management GmbH Invests $4.66 Million in HP Inc. $HPQ

Key Points

• Erste Asset Management GmbH has invested approximately $4.66 million in HP Inc. by acquiring 167,100 shares during the first quarter.
• HP recently reported earnings per share (EPS) of $0.71, missing the consensus estimate of $0.80, while its revenue was $13.22 billion, slightly exceeding expectations.
• The company announced a quarterly dividend of $0.2894, representing an annualized dividend of $1.16 and a dividend yield of 4.4%.

Erste Asset Management GmbH bought a new position in HP Inc. (NYSE:HPQ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 167,100 shares of the computer maker's stock, valued at approximately $4,662,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Humankind Investments LLC boosted its holdings in shares of HP by 7.7% in the 1st quarter. Humankind Investments LLC now owns 36,362 shares of the computer maker's stock worth $1,007,000 after acquiring an additional 2,603 shares in the last quarter. Credit Agricole S A boosted its holdings in shares of HP by 8.0% in the 1st quarter. Credit Agricole S A now owns 349,706 shares of the computer maker's stock worth $9,683,000 after acquiring an additional 25,870 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of HP by 1.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 407,928 shares of the computer maker's stock worth $11,288,000 after acquiring an additional 4,891 shares in the last quarter. Paradigm Capital Management LLC NV bought a new position in HP in the 1st quarter worth approximately $224,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in HP by 218.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 490,153 shares of the computer maker's stock worth $13,572,000 after purchasing an additional 336,403 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

Shares of HP stock opened at $26.55 on Friday. The firm has a fifty day moving average of $25.34 and a two-hundred day moving average of $27.02. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 2.14 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $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. As a group, research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

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 given a $0.2894 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. HP's dividend payout ratio is currently 44.79%.

Analysts Set New Price Targets

HPQ has been the subject of several research analyst reports. UBS Group dropped their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Wells Fargo & Company dropped their price objective on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research report on Thursday, May 29th. KGI Securities initiated coverage on shares of HP in a research report on Thursday, May 29th. They issued a "neutral" rating for the company. Morgan Stanley dropped their price objective on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, May 29th. Finally, Bank of America dropped their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $29.54.

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.

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