HP Inc. $HPQ Stake Raised by RWC Asset Management LLP

RWC Asset Management LLP lifted its position in shares of HP Inc. (NYSE:HPQ) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 6,010,052 shares of the computer maker’s stock after purchasing an additional 138,154 shares during the period. HP accounts for 6.6% of RWC Asset Management LLP’s portfolio, making the stock its 2nd biggest position. RWC Asset Management LLP’s holdings in HP were worth $133,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Syon Capital LLC boosted its stake in shares of HP by 156.6% during the 4th quarter. Syon Capital LLC now owns 20,620 shares of the computer maker’s stock worth $459,000 after acquiring an additional 12,584 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of HP by 118.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 2,848,611 shares of the computer maker’s stock worth $63,467,000 after acquiring an additional 1,546,031 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of HP by 18.3% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 9,693 shares of the computer maker’s stock worth $216,000 after acquiring an additional 1,498 shares in the last quarter. Havemeyer Place LP purchased a new stake in shares of HP during the 4th quarter worth about $1,423,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of HP by 7.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 19,819 shares of the computer maker’s stock worth $442,000 after acquiring an additional 1,414 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPQ has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Citigroup raised their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, HP has a consensus rating of “Reduce” and a consensus price target of $23.33.

HP Trading Up 0.0%

Shares of HP stock opened at $25.59 on Monday. The firm has a market capitalization of $23.40 billion, a PE ratio of 9.44, a P/E/G ratio of 4.32 and a beta of 1.16. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The firm’s 50-day moving average price is $21.41 and its 200 day moving average price is $21.20.

HP (NYSE:HPQ) last released its quarterly earnings data 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 company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued 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 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.