Ieq Capital LLC Has $1.61 Million Stake in HP Inc. $HPQ

Key Points

• Ieq Capital LLC increased its stake in HP Inc. by 43.4% in Q1, now holding 58,144 shares valued at $1.61 million.
• Analysts have mixed opinions on HP's stock, with an average rating of "Hold" and a new average price target of $29.96.
• HP recently announced a quarterly dividend of $0.2894 per share, resulting in an annual yield of 4.1%.

Ieq Capital LLC raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,144 shares of the computer maker's stock after acquiring an additional 17,608 shares during the period. Ieq Capital LLC's holdings in HP were worth $1,610,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. AlTi Global Inc. purchased a new position in HP in the 4th quarter valued at approximately $280,000. Ameriprise Financial Inc. boosted its holdings in shares of HP by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,185,072 shares of the computer maker's stock worth $38,727,000 after purchasing an additional 8,772 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of HP by 18.3% during the fourth quarter. Baird Financial Group Inc. now owns 24,668 shares of the computer maker's stock worth $805,000 after purchasing an additional 3,824 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in HP during the fourth quarter worth about $55,915,000. Finally, Cary Street Partners Financial LLC acquired a new stake in HP during the fourth quarter worth about $311,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 0.8%

Shares of HP stock traded down $0.25 during trading on Wednesday, reaching $28.70. 8,245,394 shares of the company were exchanged, compared to its average volume of 8,363,150. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The firm has a market capitalization of $26.82 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 2.30 and a beta of 1.29. The business has a 50-day moving average price of $26.03 and a 200-day moving average price of $26.72.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the business posted $0.83 EPS. The company's quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. HP's dividend payout ratio (DPR) is currently 42.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPQ shares. KGI Securities started coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating on the stock. Morgan Stanley cut their target price on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, May 29th. Bank of America dropped their price target on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. TD Cowen dropped their price target on HP from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Finally, Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.