154,003 Shares in HP Inc. $HPQ Bought by FORA Capital LLC

Key Points

• FORA Capital LLC purchased 154,003 shares of HP Inc., valued at approximately $4,264,000, during the first quarter.
• HP Inc. reported earnings per share (EPS) of $0.71 for the last quarter, missing estimates and indicating a negative return on equity of 244.99%.
• The company declared a quarterly dividend of $0.2894 per share, culminating in an annualized dividend yield of 4.2%, to be paid on October 1st.

FORA Capital LLC purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 154,003 shares of the computer maker's stock, valued at approximately $4,264,000.

Several other hedge funds also recently bought and sold shares of HPQ. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of HP during the fourth quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in HP during the 1st quarter valued at about $35,000. CoreCap Advisors LLC raised its holdings in shares of HP by 71.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after purchasing an additional 587 shares during the period. Iron Horse Wealth Management LLC purchased a new position in shares of HP during the 1st quarter valued at $39,000. Finally, Financial Freedom LLC raised its stake in shares of HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after acquiring an additional 878 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

NYSE:HPQ traded up $0.19 during mid-day trading on Friday, hitting $28.54. The company's stock had a trading volume of 12,745,588 shares, compared to its average volume of 8,366,330. The business's fifty day moving average is $25.68 and its two-hundred day moving average is $26.85. The stock has a market cap of $26.81 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.19 and a beta of 1.29. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 244.76%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. HP's dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HPQ. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Thursday. Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, TD Cowen decreased their target price on HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $29.96.

HP 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.