Quarry LP Has $482,000 Position in HP Inc. $HPQ

Key Points

• Quarry LP significantly increased its stake in HP Inc. by 319.5% in Q1, owning 17,393 shares worth approximately $482,000.
• HP Inc. reported a revenue of $13.93 billion for its most recent quarter, exceeding analyst estimates, and maintained an EPS of $0.75, matching consensus expectations.
• The company announced a quarterly dividend of $0.2894 per share, with a dividend yield of 4.1%, set to be paid to shareholders on October 1st.

Quarry LP increased its position in HP Inc. (NYSE:HPQ - Free Report) by 319.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,393 shares of the computer maker's stock after purchasing an additional 13,247 shares during the period. Quarry LP's holdings in HP were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HPQ. Mercer Global Advisors Inc. ADV grew its stake in HP by 7.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 305,011 shares of the computer maker's stock worth $9,953,000 after purchasing an additional 21,913 shares in the last quarter. AlTi Global Inc. bought a new position in shares of HP during the fourth quarter valued at approximately $280,000. Alteri Wealth LLC bought a new position in shares of HP during the fourth quarter valued at approximately $363,000. Ameriprise Financial Inc. grew its holdings in shares of HP by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,185,072 shares of the computer maker's stock valued at $38,727,000 after purchasing an additional 8,772 shares during the last quarter. Finally, Alethea Capital Management LLC bought a new position in shares of HP during the fourth quarter valued at approximately $401,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Performance

Shares of NYSE HPQ traded up $0.41 during trading on Friday, hitting $29.33. The company had a trading volume of 8,657,923 shares, compared to its average volume of 8,401,447. The company has a market cap of $27.42 billion, a P/E ratio of 10.70, a PEG ratio of 2.31 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The business's 50-day moving average is $26.11 and its 200 day moving average is $26.69.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

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 $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. HP's dividend payout ratio is currently 42.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HPQ shares. UBS Group upped their target price on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Bank of America lowered their target price on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. KGI Securities started coverage on HP in a report on Thursday, May 29th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company lowered 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. Two 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. Based on data from MarketBeat, HP presently has an average rating of "Hold" and a consensus target price of $29.96.

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.