Eurizon Capital SGR S.p.A. Buys New Stake in HP Inc. $HPQ

Eurizon Capital SGR S.p.A. bought a new stake in shares of HP Inc. (NYSE:HPQFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 356,054 shares of the computer maker’s stock, valued at approximately $7,939,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC lifted its position in HP by 8.4% during the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock valued at $33,139,000 after purchasing an additional 94,494 shares during the period. Vanguard Group Inc. lifted its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. Jones Financial Companies Lllp lifted its position in HP by 34.6% during the third quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock valued at $10,685,000 after purchasing an additional 102,825 shares during the period. National Pension Service raised its position in shares of HP by 10.0% in the third quarter. National Pension Service now owns 2,320,504 shares of the computer maker’s stock worth $63,187,000 after acquiring an additional 211,443 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of HP by 8.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Down 0.3%

HPQ opened at $26.96 on Monday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.55. The company has a 50-day moving average price of $20.59 and a 200 day moving average price of $21.11. The company has a market cap of $24.66 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 4.61 and a beta of 1.16.

HP (NYSE:HPQGet Free Report) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the firm 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, sell-side analysts expect that HP Inc. will post 2.94 earnings per share for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is 44.28%.

More HP News

Here are the key news stories impacting HP this week:

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HPQ. Barclays upped their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday. TD Cowen upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday. The Goldman Sachs Group decreased their price objective on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Evercore set a $22.00 price objective on shares of HP in a research report on Thursday, February 19th. Finally, UBS Group upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, HP has a consensus rating of “Reduce” and an average target price of $23.08.

Get Our Latest Stock Analysis on HPQ

HP Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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