HP Inc. $HPQ Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. has reduced its stake in HP Inc. by 23.9%, selling 25,770 shares, bringing its total holdings to 82,268 shares valued at approximately $2.28 million.
• HP Inc. reported earnings per share (EPS) of $0.71, missing estimates by $0.09, but its revenue increased by 3.3% year over year, totaling $13.22 billion.
• The company announced a quarterly dividend of $0.2894 per share, effective October 1st, representing a 4.2% yield and a payout ratio of 44.40%.

Candriam S.C.A. reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,268 shares of the computer maker's stock after selling 25,770 shares during the period. Candriam S.C.A.'s holdings in HP were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HPQ. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in HP in the fourth quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in HP in the first quarter valued at $35,000. CoreCap Advisors LLC lifted its stake in HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after buying an additional 587 shares during the last quarter. Iron Horse Wealth Management LLC bought a new stake in HP in the first quarter valued at $39,000. Finally, Financial Freedom LLC lifted its stake in HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after buying an additional 878 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

Shares of HPQ opened at $27.7250 on Friday. The firm has a market capitalization of $26.04 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The stock's fifty day moving average is $25.41 and its 200-day moving average is $26.95.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) 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 analyst estimates of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%.HP's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. 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. 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 of this dividend is Wednesday, September 10th. HP's payout ratio is 44.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays set a $28.00 target price on HP and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Evercore ISI cut their target price on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, May 29th. Bank of America lowered 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. Finally, Citigroup lowered their price target on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, HP presently has a consensus rating of "Hold" and a consensus 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.

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