Maverick Capital Ltd. Sells 14,826 Shares of HP Inc. $HPQ

Key Points

• Maverick Capital Ltd. reduced its stake in HP Inc. by 17.7%, owning 68,967 shares worth approximately $1.91 million after selling 14,826 shares in the first quarter.
• HP recently declared a quarterly dividend of $0.2894 per share, representing an annualized dividend yield of 4.1%, with a payout ratio of 42.34%.
• HP's last earnings report for the quarter showed an EPS of $0.75 and revenue of $13.93 billion, with a projection of 3.56 EPS for the current year.

Maverick Capital Ltd. trimmed its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 17.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 68,967 shares of the computer maker's stock after selling 14,826 shares during the period. Maverick Capital Ltd.'s holdings in HP were worth $1,910,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in shares of HP during the 1st quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in HP during the 1st quarter worth approximately $35,000. Iron Horse Wealth Management LLC bought a new position in HP during the 1st quarter worth approximately $39,000. Financial Freedom LLC lifted its stake 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 buying an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings 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 worth $42,000 after acquiring an additional 947 shares during the period. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HPQ shares. Citigroup cut their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. TD Cowen cut their price objective on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Wells Fargo & Company cut their price objective on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. Finally, KGI Securities initiated coverage on shares of HP in a research report on Thursday, May 29th. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $29.96.

HP Stock Performance

HPQ traded up $0.41 during trading on Friday, reaching $29.33. 8,677,072 shares of the stock were exchanged, compared to its average volume of 8,876,058. The stock has a market cap of $27.42 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The stock's 50 day moving average price is $26.20 and its two-hundred day moving average price is $26.66.

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. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is presently 42.34%.

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.