Fox Run Management L.L.C. purchased a new stake in HP Inc. (NYSE:HPQ – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 83,401 shares of the computer maker’s stock, valued at approximately $1,858,000.
A number of other large investors also recently bought and sold shares of the stock. Cerity Partners LLC lifted its holdings in HP by 10.6% in the fourth quarter. Cerity Partners LLC now owns 539,733 shares of the computer maker’s stock valued at $12,025,000 after acquiring an additional 51,927 shares during the period. Permit Capital LLC lifted its holdings in HP by 22.8% in the fourth quarter. Permit Capital LLC now owns 269,000 shares of the computer maker’s stock valued at $5,993,000 after acquiring an additional 50,000 shares during the period. Erste Asset Management GmbH lifted its holdings in HP by 85.4% in the fourth quarter. Erste Asset Management GmbH now owns 336,300 shares of the computer maker’s stock valued at $7,644,000 after acquiring an additional 154,900 shares during the period. Brandywine Global Investment Management LLC acquired a new position in HP in the fourth quarter valued at approximately $6,935,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in HP by 19.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,363,793 shares of the computer maker’s stock valued at $30,385,000 after acquiring an additional 217,428 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Barclays upped their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Evercore set a $22.00 price target on shares of HP in a report on Thursday, February 19th. Finally, UBS Group boosted their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $23.33.
HP Stock Down 0.9%
Shares of HPQ opened at $25.36 on Tuesday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The company has a market capitalization of $23.19 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 4.32 and a beta of 1.16. The stock has a fifty day simple moving average of $21.53 and a two-hundred day simple moving average of $21.22.
HP (NYSE:HPQ – Get Free Report) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.
HP Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. HP’s dividend payout ratio (DPR) is 44.28%.
HP Profile
HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.
Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.
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