Los Angeles Capital Management LLC Grows Stock Holdings in HP Inc. $HPQ

Los Angeles Capital Management LLC raised its position in shares of HP Inc. (NYSE:HPQ) by 118.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,848,611 shares of the computer maker’s stock after buying an additional 1,546,031 shares during the period. Los Angeles Capital Management LLC’s holdings in HP were worth $63,467,000 as of its most recent SEC filing.

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

HP Trading Down 2.7%

Shares of NYSE:HPQ opened at $25.59 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The company’s 50 day moving average is $21.41 and its 200 day moving average is $21.21. The company 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 issued 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 company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the company earned $0.71 EPS. HP’s quarterly revenue 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. Equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on HPQ. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Bank of America increased their price target on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Barclays increased their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley increased their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” 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. Based on data from MarketBeat.com, HP has a consensus rating of “Reduce” and an average price target of $23.33.

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.