HP Inc. $HPQ Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in HP Inc. by 4.5%, leaving it with 253,438 shares valued at approximately $7 million.
• HP reported $0.75 earnings per share for the quarter, meeting analysts' expectations, and had revenues of $13.93 billion, exceeding forecasts of $13.69 billion.
• HP has set a quarterly dividend of $0.2894, which offers a yield of 4.3%, with an ex-dividend date of September 10th.

MetLife Investment Management LLC cut its stake in HP Inc. (NYSE:HPQ - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,438 shares of the computer maker's stock after selling 11,901 shares during the period. MetLife Investment Management LLC's holdings in HP were worth $7,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of HP in the first quarter valued at approximately $35,000. CoreCap Advisors LLC boosted its holdings in shares of 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 acquiring an additional 587 shares in the last quarter. Iron Horse Wealth Management LLC bought a new position in shares of HP in the first quarter valued at approximately $39,000. Financial Freedom LLC boosted its holdings in shares of 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 acquiring an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of HP by 165.3% in the first 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 in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

Shares of NYSE:HPQ opened at $27.20 on Thursday. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 2.19 and a beta of 1.29. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The company has a 50 day moving average price of $25.59 and a 200 day moving average price of $26.88.

HP (NYSE:HPQ - Get Free Report) last issued its 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 4.64% and a negative return on equity of 244.99%. The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. During the same period last year, the firm posted $0.83 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

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 paid a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.3%. HP's dividend payout ratio (DPR) is currently 44.79%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HPQ. UBS Group decreased their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Bank of America decreased their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Citigroup decreased their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Finally, TD Cowen reduced their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.54.

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.

Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.