Vident Advisory LLC Has $1.91 Million Stock Holdings in HP Inc. $HPQ

Key Points

• Vident Advisory LLC has reduced its holdings in HP Inc. by 50.5%, selling over 70,000 shares and now owning approximately 69,135 shares valued at $1.91 million.
• Recent analyst reports show a mixed sentiment towards HP, with ratings ranging from "Buy" to "Hold", and price targets adjusted between $25.00 and $38.00.
• HP recently declared a quarterly dividend of $0.2894 per share, which results in an annualized yield of 4.1%.

Vident Advisory LLC lowered its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 50.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,135 shares of the computer maker's stock after selling 70,541 shares during the quarter. Vident Advisory LLC's holdings in HP were worth $1,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of HP during the first quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP during the first quarter worth $35,000. CoreCap Advisors LLC increased its holdings 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 purchasing 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 about $39,000. Finally, Financial Freedom LLC increased its holdings 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 purchasing an additional 878 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

HP Trading Up 1.4%

Shares of HPQ stock traded up $0.41 on Friday, hitting $29.33. 8,677,072 shares of the stock were exchanged, compared to its average volume of 8,415,442. The firm has a market capitalization of $27.42 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The business has a 50-day moving average of $26.11 and a 200 day moving average of $26.69. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts forecast 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. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio is currently 42.34%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HPQ. JPMorgan Chase & Co. upped their price objective on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. UBS Group upped their price objective on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. TD Cowen dropped their price objective on HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company dropped their price objective on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Finally, Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. 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 a consensus 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.