Daiwa Securities Group Inc. Has $4.19 Million Position in HP Inc. $HPQ

Daiwa Securities Group Inc. raised its holdings in HP Inc. (NYSE:HPQFree Report) by 12.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 188,024 shares of the computer maker’s stock after acquiring an additional 20,303 shares during the quarter. Daiwa Securities Group Inc.’s holdings in HP were worth $4,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPQ. Garner Asset Management Corp acquired a new stake in HP in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new stake in HP in the 4th quarter valued at $26,000. Sound Income Strategies LLC increased its stake in HP by 97.0% in the 4th 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. Caitlin John LLC acquired a new stake in HP in the 3rd quarter valued at $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HP in the 4th quarter valued at $32,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent research reports. Evercore set a $22.00 price target on shares of HP in a research note on Thursday, February 19th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Barclays lifted their price objective 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, TD Cowen lifted their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $23.33.

Get Our Latest Research Report on HPQ

HP Price Performance

Shares of HPQ opened at $25.36 on Tuesday. The firm has a 50-day moving average of $21.53 and a 200-day moving average of $21.22. HP Inc. has a one year low of $17.56 and a one year high of $29.65. The company has a market cap of $23.19 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 4.32 and a beta of 1.16.

HP (NYSE:HPQGet Free Report) last announced 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%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

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

HP Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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