HighTower Advisors LLC Buys 13,351 Shares of HP Inc. $HPQ

Key Points

• HighTower Advisors LLC increased its position in HP Inc. by 7.0%, owning 204,433 shares worth approximately $5.66 million after the purchase.
• HP reported $0.71 earnings per share for the latest quarter, which missed analysts' expectations of $0.80, while revenue increased by 3.3% year-over-year.
• A recent dividend of $0.2894 per share was declared, representing an annual yield of 4.3%, with a payout ratio of 44.79%.

HighTower Advisors LLC lifted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,433 shares of the computer maker's stock after purchasing an additional 13,351 shares during the period. HighTower Advisors LLC's holdings in HP were worth $5,661,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HPQ. Trust Asset Management LLC lifted its holdings in HP by 8.6% in the 1st quarter. Trust Asset Management LLC now owns 10,916 shares of the computer maker's stock worth $302,000 after buying an additional 867 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of HP by 4.3% during the first quarter. Public Sector Pension Investment Board now owns 145,458 shares of the computer maker's stock valued at $4,028,000 after acquiring an additional 6,016 shares in the last quarter. AIA Group Ltd lifted its stake in HP by 52.2% in the first quarter. AIA Group Ltd now owns 18,070 shares of the computer maker's stock worth $500,000 after acquiring an additional 6,201 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in HP during the 1st quarter valued at $627,000. Finally, SouthState Corp bought a new position in HP in the 1st quarter worth $48,000. 77.53% of the stock is owned by institutional investors.

HP Price Performance

HP stock traded up $1.1450 during mid-day trading on Friday, reaching $27.7250. The stock had a trading volume of 6,571,840 shares, compared to its average volume of 7,432,687. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The company has a 50-day moving average price of $25.41 and a two-hundred day moving average price of $26.99. The company has a market capitalization of $26.04 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 2.15 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The firm 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%. During the same quarter in the prior year, the business posted $0.82 earnings per share. The firm'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. On average, equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced 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. This represents a $1.16 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is currently 44.79%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup reduced their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley lowered their target price on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. reduced their price target on HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, May 29th. Barclays set a $28.00 price objective on HP and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, KGI Securities started coverage on shares of HP in a research report on Thursday, May 29th. They issued a "neutral" rating on the stock. Two 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. According to MarketBeat, 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.