Wellington Management Group LLP Grows Stock Position in HP Inc. $HPQ

Key Points

• Wellington Management Group LLP increased its stake in HP Inc. by 6.3%, acquiring an additional 16,349 shares, bringing its total holdings to 275,606 shares valued at approximately $7.63 million.
• HP recently announced a quarterly dividend of $0.2894 per share, which will be paid to stockholders of record on September 10th, resulting in an annualized dividend yield of 4.1%.
• Analysts have mixed opinions on HP, with two rating it as a "Buy," thirteen as a "Hold," and one as a "Sell," while the average target price stands at $29.96.

Wellington Management Group LLP grew its holdings in HP Inc. (NYSE:HPQ - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 275,606 shares of the computer maker's stock after purchasing an additional 16,349 shares during the quarter. Wellington Management Group LLP's holdings in HP were worth $7,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. West Paces Advisors Inc. boosted its stake in shares of HP by 3.2% in the fourth quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after purchasing an additional 298 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in HP by 0.8% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 45,729 shares of the computer maker's stock worth $1,492,000 after purchasing an additional 384 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock worth $561,000 after purchasing an additional 411 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in HP by 3.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 11,383 shares of the computer maker's stock worth $371,000 after purchasing an additional 428 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of HP by 13.3% in the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock valued at $102,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Price Performance

Shares of NYSE HPQ traded up $0.19 during trading on Monday, hitting $28.54. 12,745,588 shares of the company were exchanged, compared to its average volume of 8,673,215. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.30 and a beta of 1.29. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The firm's fifty day moving average price is $25.76 and its 200 day moving average price is $26.73.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion for 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%. The business's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 annualized dividend and a dividend yield of 4.1%. HP's payout ratio is currently 42.34%.

Analyst Ratings Changes

A number of brokerages have recently commented on HPQ. KGI Securities began coverage on shares of HP in a report on Thursday, May 29th. They issued a "neutral" rating on the stock. UBS Group lifted their target price on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley cut their target price on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. Finally, Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.96.

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.