Raymond James Financial Inc. Has $31.29 Million Position in HP Inc. $HPQ

Key Points

• Raymond James Financial Inc. increased its stake in HP Inc. by 1.0%, bringing its total ownership to approximately $31.29 million with 1,130,091 shares owned.
• HP recently announced a quarterly dividend of $0.2894 per share, translating to an annualized yield of 4.2% for shareholders of record.
• HP's earnings per share for the last quarter was reported at $0.71, missing analysts' expectations of $0.80, with a revenue of $13.22 billion.

Raymond James Financial Inc. increased its stake in HP Inc. (NYSE:HPQ - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,130,091 shares of the computer maker's stock after purchasing an additional 11,733 shares during the quarter. Raymond James Financial Inc. owned approximately 0.12% of HP worth $31,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in HP in the 4th quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of HP during the first quarter worth approximately $35,000. CoreCap Advisors LLC lifted its holdings in shares of HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after buying an additional 587 shares during the last quarter. Iron Horse Wealth Management LLC acquired a new position in shares of HP during the first quarter worth approximately $39,000. Finally, Financial Freedom LLC lifted its holdings 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 worth $42,000 after buying an additional 878 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HPQ. Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. KGI Securities began coverage on HP in a report on Thursday, May 29th. They set a "neutral" rating for the company. Barclays set a $28.00 price target on HP and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, UBS Group cut their price target on HP from $37.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and a consensus price target of $29.54.

HP Trading Up 4.3%

Shares of NYSE HPQ opened at $27.7250 on Friday. The business has a fifty day simple moving average of $25.41 and a 200 day simple moving average of $26.95. The firm has a market capitalization of $26.04 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 2.25 and a beta of 1.29. HP Inc. has a one year low of $21.21 and a one year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The firm had revenue of $13.22 billion during the quarter, compared to analyst estimates of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. On average, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

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 given a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio is 44.40%.

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.

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