HP Inc. $HPQ Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in HP Inc. by 4.5%, bringing its total ownership to 739,588 shares valued at approximately $20.48 million.
• Analysts are showing a bearish outlook with multiple firms lowering their price targets for HP, with Wells Fargo cutting its target from $35 to $25 and setting an "underweight" rating.
• HP recently announced a quarterly dividend of $0.2894 per share, which represents a yield of 4.0%, to be paid out on October 1st.

The Manufacturers Life Insurance Company lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 739,588 shares of the computer maker's stock after selling 35,161 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of HP worth $20,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in HP by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,185,072 shares of the computer maker's stock worth $38,727,000 after purchasing an additional 8,772 shares during the last quarter. Baird Financial Group Inc. boosted its stake in HP by 18.3% during the fourth quarter. Baird Financial Group Inc. now owns 24,668 shares of the computer maker's stock worth $805,000 after buying an additional 3,824 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of HP during the fourth quarter valued at $311,000. Captrust Financial Advisors boosted its stake in shares of HP by 1.4% during the fourth quarter. Captrust Financial Advisors now owns 1,900,839 shares of the computer maker's stock valued at $62,024,000 after purchasing an additional 26,689 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of HP by 13.7% during the fourth quarter. Cetera Investment Advisers now owns 144,009 shares of the computer maker's stock valued at $4,699,000 after purchasing an additional 17,376 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Price Performance

HP stock traded up $0.41 during trading hours on Friday, reaching $29.33. The stock had a trading volume of 8,677,072 shares, compared to its average volume of 8,876,058. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 2.36 and a beta of 1.29. The business's 50 day moving average price is $26.20 and its 200-day moving average price is $26.60. 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 announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. HP's dividend payout ratio is 42.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HPQ. TD Cowen lowered their price objective on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Morgan Stanley lowered their price objective on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. Bank of America lowered 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. JPMorgan Chase & Co. upped their price objective 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, Citigroup lowered their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Two investment 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, the company currently has a consensus rating of "Hold" and an average target price 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.