Fox Run Management L.L.C. Makes New Investment in HP Inc. $HPQ

Key Points

• Fox Run Management L.L.C. acquired a new position in HP Inc. (NYSE:HPQ) by buying 16,209 shares, valued at approximately $449,000 during the first quarter.
• HP's stock has received mixed ratings from analysts, with one sell rating, twelve hold ratings, and three buy ratings, while the consensus target price is $29.54.
• The company recently announced a quarterly dividend of $0.2894 per share, with a paid date set for October 1st, providing a dividend yield of 4.3%.

Fox Run Management L.L.C. purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,209 shares of the computer maker's stock, valued at approximately $449,000.

Several other hedge funds also recently added to or reduced their stakes in HPQ. GeoWealth Management LLC increased its stake in HP by 12.2% in the fourth quarter. GeoWealth Management LLC now owns 11,546 shares of the computer maker's stock valued at $377,000 after purchasing an additional 1,260 shares during the last quarter. Norinchukin Bank The increased its stake in HP by 4.9% in the fourth quarter. Norinchukin Bank The now owns 40,850 shares of the computer maker's stock valued at $1,333,000 after purchasing an additional 1,910 shares during the last quarter. Natixis increased its stake in HP by 108.5% in the fourth quarter. Natixis now owns 280,193 shares of the computer maker's stock valued at $9,143,000 after purchasing an additional 145,783 shares during the last quarter. MML Investors Services LLC increased its stake in HP by 3.9% in the fourth quarter. MML Investors Services LLC now owns 64,933 shares of the computer maker's stock valued at $2,119,000 after purchasing an additional 2,410 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in HP by 125.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 75,300 shares of the computer maker's stock valued at $2,457,000 after purchasing an additional 41,942 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HPQ. JPMorgan Chase & Co. decreased their price objective on HP from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, May 29th. UBS Group decreased their price objective on HP from $37.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Morgan Stanley decreased their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Evercore ISI decreased their price objective on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Wells Fargo & Company decreased their price objective on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $29.54.

HP Stock Up 4.3%

Shares of NYSE HPQ traded up $1.1450 during mid-day trading on Friday, hitting $27.7250. 6,571,840 shares of the company were exchanged, compared to its average volume of 8,222,962. The stock has a 50 day simple moving average of $25.34 and a 200-day simple moving average of $27.02. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The firm has a market cap of $26.04 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last issued 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). HP had a negative return on equity of 244.99% and a net margin of 4.64%.The company had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period in the prior year, the business earned $0.82 earnings per share. HP's revenue for the quarter was up 3.3% compared to the same quarter last year. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. Analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 annualized dividend and a yield of 4.2%. HP's dividend payout ratio is presently 44.79%.

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.