Los Angeles Capital Management LLC Purchases 1,546,031 Shares of HP Inc. $HPQ

Los Angeles Capital Management LLC raised its position in shares of HP Inc. (NYSE:HPQ) by 118.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,848,611 shares of the computer maker’s stock after acquiring an additional 1,546,031 shares during the period. Los Angeles Capital Management LLC owned approximately 0.31% of HP worth $63,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Applied Finance Capital Management LLC grew its holdings in shares of HP by 8.4% in the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after purchasing an additional 94,494 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings 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 purchasing an additional 157,464 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of HP in the third quarter worth about $22,601,000. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of HP in the fourth quarter worth about $31,899,000. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on HPQ shares. JPMorgan Chase & Co. upped their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley upped their price target on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, UBS Group upped 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 investment 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 company. According to MarketBeat, HP currently has a consensus rating of “Reduce” and an average target price of $23.33.

HP Price Performance

NYSE:HPQ opened at $25.59 on Friday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a 50-day moving average of $21.41 and a 200 day moving average of $21.21. The firm has a market cap of $23.40 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 4.32 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The firm 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. The ex-dividend date of this dividend 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 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.