Ritholtz Wealth Management Grows Holdings in HP Inc. $HPQ

Ritholtz Wealth Management grew its stake in HP Inc. (NYSE:HPQ) by 45.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 96,742 shares of the computer maker’s stock after acquiring an additional 30,368 shares during the period. Ritholtz Wealth Management’s holdings in HP were worth $2,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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. State Street Corp raised its stake in shares of HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares during the period. AQR Capital Management LLC raised its stake 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. Legal & General Group Plc raised its stake in shares of HP by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker’s stock valued at $235,627,000 after acquiring an additional 586,694 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake 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. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Up 0.1%

Shares of HPQ opened at $18.27 on Monday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The firm’s 50 day moving average price is $18.94 and its 200 day moving average price is $22.43. The company has a market cap of $16.71 billion, a P/E ratio of 6.92, a PEG ratio of 5.07 and a beta of 1.11.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.6%. HP’s dividend payout ratio is currently 45.45%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HPQ. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. The Goldman Sachs Group cut their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group cut their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, Citigroup cut their target price on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, HP presently has an average rating of “Reduce” and a consensus target price of $21.58.

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.