Independent Advisor Alliance Has $242,000 Holdings in HP Inc. $HPQ

Key Points

• Independent Advisor Alliance significantly reduced its stake in HP Inc. by 78.7%, selling 32,374 shares, and now holds 8,740 shares valued at approximately $242,000.
• Analyst ratings for HP shares have become increasingly negative, with Wells Fargo lowering its target price from $35.00 to $25.00 and the overall consensus rating now being a "Hold."
• HP Inc. recently declared a quarterly dividend of $0.2894 per share, equating to an annualized dividend yield of 4.3% and a payout ratio of 44.79%.

Independent Advisor Alliance decreased its position in HP Inc. (NYSE:HPQ - Free Report) by 78.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,740 shares of the computer maker's stock after selling 32,374 shares during the period. Independent Advisor Alliance's holdings in HP were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Paces Advisors Inc. boosted its stake in shares of HP by 3.2% during the 4th quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after buying an additional 298 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in shares of HP by 0.8% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 45,729 shares of the computer maker's stock valued at $1,492,000 after purchasing an additional 384 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of HP by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock valued at $561,000 after purchasing an additional 411 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of HP by 3.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 11,383 shares of the computer maker's stock valued at $371,000 after purchasing an additional 428 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in HP by 13.3% in the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock worth $102,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HPQ. TD Cowen dropped their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup dropped their target price on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, May 29th. Finally, Wells Fargo & Company dropped 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. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $29.54.

HP Price Performance

Shares of HP stock traded up $0.14 during trading on Tuesday, hitting $26.97. 7,143,428 shares of the company's stock traded hands, compared to its average volume of 8,250,420. The firm's fifty day moving average price is $25.24 and its 200 day moving average price is $27.06. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a market cap of $25.33 billion, a PE ratio of 10.41, a PEG ratio of 2.16 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share 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 business had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter last year, the firm posted $0.82 earnings per share. HP's revenue 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. As a group, equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

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

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.