Havemeyer Place LP Purchases New Stake in HP Inc. $HPQ

Havemeyer Place LP purchased a new stake in HP Inc. (NYSE:HPQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 63,885 shares of the computer maker’s stock, valued at approximately $1,423,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Garner Asset Management Corp acquired a new stake in shares of HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of HP during the 4th quarter worth $26,000. Sound Income Strategies LLC grew its stake in shares of HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after buying an additional 646 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of HP in the third quarter valued at $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of HP in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group lifted their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Barclays lifted their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Evercore set a $22.00 price target on HP in a report on Thursday, February 19th. Finally, Citigroup boosted their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, HP presently has an average rating of “Reduce” and an average price target of $23.33.

HP Trading Up 0.0%

Shares of HPQ stock opened at $25.59 on Monday. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 4.32 and a beta of 1.16. The stock has a 50 day simple moving average of $21.41 and a 200-day simple moving average of $21.20. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65.

HP (NYSE:HPQ) 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. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

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

About HP

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.