Retirement Planning Co of New England Inc. bought a new position in HP Inc. (NYSE:HPQ - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,734 shares of the computer maker's stock, valued at approximately $270,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in HP during the first quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in HP during the first quarter valued at about $35,000. CoreCap Advisors LLC boosted its position in HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after buying an additional 587 shares during the period. Iron Horse Wealth Management LLC purchased a new stake in HP during the first quarter valued at about $39,000. Finally, Financial Freedom LLC boosted 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 valued at $42,000 after buying an additional 878 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HPQ has been the subject of several analyst reports. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Bank of America cut their price target on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. TD Cowen cut their price target on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Finally, Citigroup cut their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.96.
Read Our Latest Stock Report on HPQ
HP Stock Up 1.4%
Shares of HP stock 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's fifty day moving average is $26.20 and its 200 day moving average is $26.66. The firm has a market cap of $27.42 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. 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 posted 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 company had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.
HP Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's dividend payout ratio is presently 42.34%.
HP Profile
(
Free Report)
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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