HP Inc. $HPQ Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. reduced its stake in HP Inc. by 2.2%, now holding 610,794 shares valued at approximately $16.9 million.
• HP's quarterly earnings report revealed an EPS of $0.75, meeting consensus estimates, with revenues increasing by 3.1% year-over-year to $13.93 billion.
• The company announced a quarterly dividend of $0.2894 per share, reflecting an annual yield of 4.0% and a payout ratio of 42.34%.

Advisors Asset Management Inc. lessened its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 610,794 shares of the computer maker's stock after selling 13,758 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of HP worth $16,913,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. WPG Advisers LLC acquired a new position in shares of HP in the 1st quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of HP in the 1st quarter valued at $35,000. Iron Horse Wealth Management LLC acquired a new position in shares of HP in the 1st quarter valued at $39,000. Financial Freedom LLC increased its holdings in shares of HP by 141.4% in the 1st 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 period. Finally, Golden State Wealth Management LLC increased its holdings in shares of HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after acquiring an additional 947 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Performance

HPQ traded up $0.41 during trading on Friday, hitting $29.33. The stock had a trading volume of 8,677,072 shares, compared to its average volume of 8,876,058. The firm has a market capitalization of $27.42 billion, a P/E ratio of 10.70, a PEG ratio of 2.36 and a beta of 1.29. The company's 50-day moving average price is $26.20 and its 200 day moving average price is $26.60. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share 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 business had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same period in the prior year, the company posted $0.83 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend yield of 3.9%. HP's dividend payout ratio is 42.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. Wells Fargo & Company cut their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Two equities research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $29.96.

About HP

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.