Panagora Asset Management Inc. Grows Stake in HP Inc. $HPQ

Key Points

• Panagora Asset Management Inc. increased its stake in HP Inc. by 38.9% in the first quarter, now holding 45,304 shares valued at $1,254,000.
• HP Inc. reported $0.75 earnings per share for the last quarter, matching analysts' expectations, with a revenue of $13.93 billion.
• The company declared a quarterly dividend of $0.2894 per share, representing an annualized dividend yield of 4.0%.

Panagora Asset Management Inc. boosted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 38.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,304 shares of the computer maker's stock after buying an additional 12,678 shares during the quarter. Panagora Asset Management Inc.'s holdings in HP were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in HP in the 1st quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in HP in the first quarter valued at about $35,000. CoreCap Advisors LLC increased its position in shares of HP by 71.9% during the 4th 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 period. Iron Horse Wealth Management LLC purchased a new stake in shares of HP during the first quarter worth $39,000. Finally, Financial Freedom LLC grew its position in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after buying an additional 878 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 0.4%

HPQ traded down $0.12 during mid-day trading on Monday, reaching $29.23. 4,449,976 shares of the company traded hands, compared to its average volume of 8,391,018. The company's fifty day moving average price is $26.20 and its 200-day moving average price is $26.54. The stock has a market capitalization of $27.32 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.36 and a beta of 1.29. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its earnings results 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 net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently announced 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 4.0%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 42.34%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HPQ. Citigroup cut their price target on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Barclays reduced their price objective on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 28th. 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. JPMorgan Chase & Co. raised their price target on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Finally, UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Two equities 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.