Redwood Investment Management LLC Sells 26,782 Shares of HP Inc. $HPQ

Key Points

• Redwood Investment Management LLC reduced its holdings in HP Inc. by 12.5%, now owning 188,298 shares worth approximately $5.21 million.
• HP has received mixed reviews from analysts, with a consensus rating of "Hold" and an average price target of $29.54.
• The company recently announced a quarterly dividend of $0.2894 per share, representing a 4.2% yield with a payout ratio of 44.79%.

Redwood Investment Management LLC trimmed its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 12.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,298 shares of the computer maker's stock after selling 26,782 shares during the period. HP makes up approximately 0.6% of Redwood Investment Management LLC's investment portfolio, making the stock its 24th largest position. Redwood Investment Management LLC's holdings in HP were worth $5,214,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP during the 1st quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP in the 4th quarter valued at approximately $36,000. Iron Horse Wealth Management LLC acquired a new position in HP during the 1st quarter worth $39,000. Financial Freedom LLC lifted its holdings in shares of HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after purchasing an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of HP by 165.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after buying an additional 947 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HPQ. JPMorgan Chase & Co. lifted their target price on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday. 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. TD Cowen dropped their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Bank of America dropped their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, 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. Two equities research 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. According to data from MarketBeat.com, HP presently has a consensus rating of "Hold" and an average target price of $29.96.

HP Stock Up 0.7%

NYSE:HPQ traded up $0.19 during mid-day trading on Friday, reaching $28.54. The company's stock had a trading volume of 12,745,588 shares, compared to its average volume of 8,432,403. The firm has a market capitalization of $26.81 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.28 and a beta of 1.29. The stock has a fifty day moving average of $25.68 and a 200-day moving average of $26.85. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts expect that HP Inc. will post 3.56 earnings per share for the current 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 given a $0.2894 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. HP's dividend payout ratio (DPR) is currently 44.79%.

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.