Vestmark Advisory Solutions Inc. Boosts Stock Position in HP Inc. $HPQ

Key Points

• Vestmark Advisory Solutions Inc. has increased its stake in HP Inc. by 115.8% during the first quarter, holding 30,474 shares valued at $844,000.
• HP reported a missed earnings estimate for the last quarter, with EPS of $0.71 compared to the consensus estimate of $0.80, although revenue was slightly above expectations.
• The company announced a quarterly dividend of $0.2894 per share, which will be paid on October 1st, providing a dividend yield of 4.3%.

Vestmark Advisory Solutions Inc. raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 115.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 30,474 shares of the computer maker's stock after purchasing an additional 16,355 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in HP were worth $844,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after acquiring an additional 1,755,942 shares during the period. Invesco Ltd. raised its position in HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock valued at $314,022,000 after purchasing an additional 1,829,411 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in HP by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock valued at $303,105,000 after purchasing an additional 707,742 shares during the period. Deutsche Bank AG raised its holdings in shares of HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after buying an additional 189,969 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of HP in the first quarter worth approximately $179,037,000. Institutional investors own 77.53% of the company's stock.

HP Price Performance

HPQ traded down $0.5040 during trading hours on Wednesday, reaching $26.4960. The company's stock had a trading volume of 6,458,870 shares, compared to its average volume of 8,239,082. The business's 50-day moving average is $25.27 and its 200-day moving average is $27.06. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The stock has a market cap of $24.89 billion, a PE ratio of 10.23, a P/E/G ratio of 2.17 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its quarterly 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). HP had a negative return on equity of 244.99% and a net margin of 4.64%.The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter last year, the company earned $0.82 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. Analysts expect that HP Inc. will post 3.56 EPS for the current 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 given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.4%. HP's dividend payout ratio is currently 44.79%.

Analysts Set New Price Targets

Several research analysts have commented on HPQ shares. KGI Securities started coverage on HP in a report on Thursday, May 29th. They set a "neutral" rating on the stock. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI lowered their price objective on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, May 29th. Finally, UBS Group reduced their price objective on HP from $37.00 to $26.00 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, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $29.54.

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.