HP Inc. $HPQ Shares Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in HP Inc. by 155.2%, acquiring an additional 90,040 shares to hold a total of 148,044 shares valued at approximately $4.1 million.
• HP Inc. reported $0.75 EPS for the last quarter, meeting analyst expectations, with quarterly revenue of $13.93 billion.
• The company announced a quarterly dividend of $0.2894 per share, reflecting an annualized dividend yield of 4.3% and a dividend payout ratio of 44.79%.

Landscape Capital Management L.L.C. lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 155.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,044 shares of the computer maker's stock after acquiring an additional 90,040 shares during the period. Landscape Capital Management L.L.C.'s holdings in HP were worth $4,099,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of HP during the first quarter valued at $35,000. Iron Horse Wealth Management LLC acquired a new stake in shares of HP during the first quarter valued at $39,000. Financial Freedom LLC boosted its stake in shares of HP by 141.4% during 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 during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of HP by 165.3% during 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 during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of HP during the first quarter valued at $43,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HPQ. Dbs Bank downgraded HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Citigroup reduced their target price on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Bank of America reduced their target price on HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. UBS Group increased their target price on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Finally, TD Cowen reduced their target price on HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.96.

HP Trading Down 0.8%

HPQ stock traded down $0.24 during midday trading on Tuesday, hitting $28.31. 4,380,013 shares of the company's stock were exchanged, compared to its average volume of 8,338,989. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The firm has a 50 day moving average price of $25.85 and a 200-day moving average price of $26.69. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

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 (EPS) for the quarter, hitting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the business earned $0.83 EPS. HP'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 forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. HP's payout ratio is 42.34%.

About HP

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.