Level Four Advisory Services LLC Boosts Holdings in HP Inc. $HPQ

Level Four Advisory Services LLC increased its holdings in HP Inc. (NYSE:HPQ) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,136 shares of the computer maker’s stock after purchasing an additional 3,370 shares during the period. Level Four Advisory Services LLC’s holdings in HP were worth $2,219,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its stake in HP by 23.6% in the 4th quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker’s stock worth $20,864,000 after acquiring an additional 122,289 shares during the last quarter. BayBridge Capital Group LLC bought a new stake in HP in the 1st quarter worth approximately $1,505,000. Meritage Portfolio Management increased its stake in HP by 37.8% in the 1st quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker’s stock worth $3,894,000 after acquiring an additional 38,568 shares during the last quarter. Horizon Financial Services LLC increased its stake in HP by 2,669.0% in the 1st quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker’s stock worth $319,000 after acquiring an additional 11,103 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in HP in the 1st quarter worth approximately $627,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on HPQ. Barclays set a $28.00 price objective on HP and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. UBS Group reduced their price objective on HP from $37.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, May 29th. Evercore ISI reduced their price objective on HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Dbs Bank downgraded HP from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.54.

HP Stock Up 0.3%

Shares of HP stock opened at $26.55 on Friday. The stock’s fifty day moving average is $25.34 and its two-hundred day moving average is $27.02. The company has a market capitalization of $24.94 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). HP had a negative return on equity of 244.99% and a net margin of 4.64%.The firm had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $13.09 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. HP’s quarterly revenue was up 3.3% compared to the same quarter last year. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. As a group, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 10th. HP’s dividend payout ratio is currently 44.79%.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.