FCG Investment Co Purchases 9,574 Shares of HP Inc. $HPQ

Key Points

• FCG Investment Co increased its holdings in HP Inc. by 95.3% during the first quarter, owning a total of 19,621 shares worth $543,000.
• HP's most recent quarterly earnings report showed an EPS of $0.71, missing the consensus estimate of $0.80, while their revenue was up 3.3% year-over-year.
• The company announced a quarterly dividend of $0.2894 per share, with a dividend yield of 4.3% and a payout ratio of 44.79%.

FCG Investment Co raised its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 95.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,621 shares of the computer maker's stock after buying an additional 9,574 shares during the quarter. FCG Investment Co's holdings in HP were worth $543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Nuveen LLC purchased a new stake in HP in the 1st quarter worth about $179,037,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HP in the 4th quarter valued at about $63,612,000. Invesco Ltd. lifted its position in shares of HP by 19.2% in 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 in the last quarter. Northern Trust Corp boosted its holdings in shares of HP by 15.8% during the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after purchasing an additional 1,755,942 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of HP during the fourth quarter worth approximately $55,915,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of NYSE:HPQ traded down $0.5040 during midday trading on Wednesday, hitting $26.4960. The company's stock had a trading volume of 6,458,870 shares, compared to its average volume of 8,239,082. The stock's 50 day simple moving average is $25.27 and its 200 day simple moving average is $27.06. The stock has a market capitalization of $24.89 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.17 and a beta of 1.29. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its 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 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%. HP's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, 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 dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio is presently 44.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley cut their target price 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. TD Cowen cut their price objective on HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Citigroup lowered their target price on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. UBS Group dropped their target price on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Finally, Wells Fargo & Company reduced their price target on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HP has a consensus rating of "Hold" and a consensus 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.