Hsbc Holdings PLC Lowers Holdings in HP Inc. $HPQ

Key Points

• Hsbc Holdings PLC has reduced its stake in HP Inc. by 3.1%, holding approximately 4.36 million shares valued at $120.56 million as of the latest quarter.
• HP reported a missed earnings per share estimate of $0.71 for the recent quarter, compared to the expected $0.80, despite a year-over-year revenue growth of 3.3%.
• The company declared a quarterly dividend of $0.2894 per share, resulting in an annualized dividend yield of 4.3%, with the ex-dividend date set for September 10th.

Hsbc Holdings PLC decreased its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,357,275 shares of the computer maker's stock after selling 139,694 shares during the quarter. Hsbc Holdings PLC owned about 0.46% of HP worth $120,559,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of HP in the 1st quarter worth $179,037,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HP in the 4th quarter worth $63,612,000. Invesco Ltd. increased its holdings in shares of HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after purchasing an additional 1,829,411 shares in the last quarter. Northern Trust Corp increased its holdings in shares of HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after purchasing an additional 1,755,942 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of HP in the 4th quarter worth $55,915,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Performance

NYSE:HPQ opened at $26.97 on Wednesday. The stock has a 50-day simple moving average of $25.27 and a two-hundred day simple moving average of $27.06. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The firm has a market capitalization of $25.33 billion, a PE ratio of 10.41, a P/E/G ratio of 2.17 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The company had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. During the same period in the prior year, the firm posted $0.82 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. Equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's payout ratio is currently 44.79%.

Analyst Upgrades and Downgrades

A number of analysts have commented on HPQ shares. UBS Group reduced their target price on HP from $37.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. KGI Securities started coverage on HP in a report on Thursday, May 29th. They issued a "neutral" rating for the company. Morgan Stanley reduced their target price on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. Finally, Barclays set a $28.00 price objective on HP and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently 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.

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