Groupe la Francaise Takes Position in HP Inc. $HPQ

Key Points

• Groupe la Francaise acquired a new stake in HP Inc., purchasing 79,671 shares valued at approximately $2.28 million in Q1, indicating growing institutional interest in the company.
• HP recently reported earnings that missed expectations, with an EPS of $0.71 compared to analysts' forecast of $0.80, but showed a revenue increase of 3.3% year-over-year.
• The company announced a quarterly dividend of $0.2894 per share, which reflects an annualized yield of 4.2%, set to be paid on October 1st to investors recorded by September 10th.

Groupe la Francaise acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 79,671 shares of the computer maker's stock, valued at approximately $2,282,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in HP by 96.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker's stock worth $64,642,000 after purchasing an additional 1,147,342 shares in the last quarter. Norinchukin Bank The grew its position in shares of HP by 11.7% during the first quarter. Norinchukin Bank The now owns 45,617 shares of the computer maker's stock worth $1,263,000 after acquiring an additional 4,767 shares during the last quarter. Summit Financial LLC increased its stake in HP by 34.1% in the first quarter. Summit Financial LLC now owns 14,699 shares of the computer maker's stock valued at $407,000 after purchasing an additional 3,741 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of HP by 0.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,377,105 shares of the computer maker's stock valued at $38,133,000 after buying an additional 8,842 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in HP by 2.5% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,889 shares of the computer maker's stock valued at $578,000 after acquiring an additional 505 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

Shares of NYSE HPQ traded up $1.27 during midday trading on Thursday, reaching $28.38. 20,137,837 shares of the company's stock were exchanged, compared to its average volume of 8,339,608. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a market capitalization of $26.65 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The business's fifty day moving average price is $25.59 and its two-hundred day moving average price is $26.88.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share 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 244.99% and a net margin of 4.64%.HP's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts predict that HP Inc. will post 3.56 earnings per share 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 issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPQ. Wells Fargo & Company cut their target price on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. Morgan Stanley lowered their target price on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. KGI Securities began coverage on HP in a report on Thursday, May 29th. They set a "neutral" rating on the stock. Bank of America decreased their price objective on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lifted their target price on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HP presently has an average rating of "Hold" and a consensus price target of $29.96.

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.