Fox Run Management L.L.C. Invests $1.86 Million in HP Inc. $HPQ

Fox Run Management L.L.C. purchased a new position in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 83,401 shares of the computer maker’s stock, valued at approximately $1,858,000.

Other large investors have also modified their holdings of the company. Caitlin John LLC purchased a new stake in shares of HP during the third quarter worth about $30,000. Garner Asset Management Corp purchased a new stake in shares of HP during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of HP during the fourth quarter worth about $26,000. Sound Income Strategies LLC grew its stake in shares of HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares during the last quarter. Finally, BNP Paribas grew its stake in shares of HP by 89.5% during the third quarter. BNP Paribas now owns 1,429 shares of the computer maker’s stock worth $39,000 after acquiring an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of a number of research analyst reports. TD Cowen boosted their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. Bank of America boosted their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. The Goldman Sachs Group boosted their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Finally, Citigroup upped their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $23.33.

HP Stock Down 0.9%

Shares of NYSE HPQ opened at $25.36 on Tuesday. The business’s 50 day moving average price is $21.53 and its 200 day moving average price is $21.22. The firm has a market cap of $23.19 billion, a P/E ratio of 9.36, a P/E/G ratio of 4.32 and a beta of 1.16. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. 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, research analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a $0.30 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. HP’s dividend payout ratio is currently 44.28%.

HP Company 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.