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

RWC Asset Management LLP grew its position in HP Inc. (NYSE:HPQ) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,010,052 shares of the computer maker’s stock after purchasing an additional 138,154 shares during the quarter. HP comprises approximately 6.6% of RWC Asset Management LLP’s investment portfolio, making the stock its 2nd biggest holding. RWC Asset Management LLP owned about 0.65% of HP worth $133,904,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DNB Asset Management AS increased its position in shares of HP by 242.2% in the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after acquiring an additional 7,498,202 shares during the period. Norges Bank acquired a new position in shares of HP in the 4th quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership increased its position in shares of HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after acquiring an additional 5,449,691 shares during the period. AQR Capital Management LLC increased its position in shares of HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after acquiring an additional 5,325,260 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of HP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after acquiring an additional 3,122,436 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

NYSE:HPQ opened at $25.59 on Monday. HP Inc. has a one year low of $17.56 and a one year high of $29.65. The firm has a market cap of $23.40 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 4.32 and a beta of 1.16. The firm’s fifty day moving average is $21.41 and its two-hundred day moving average is $21.20.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating 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 analyst estimates of $13.99 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The firm’s 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. As a group, equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared 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. 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 is presently 44.28%.

Analyst Ratings Changes

Several research firms recently issued reports on HPQ. TD Cowen upped their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Bank of America upped their target price on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Morgan Stanley upped their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Barclays upped their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two equities research 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 data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $23.33.

HP Company 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.