Perpetual Ltd Grows Position in HP Inc. $HPQ

Perpetual Ltd increased its holdings in HP Inc. (NYSE:HPQ) by 579.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,370 shares of the computer maker’s stock after purchasing an additional 48,077 shares during the period. Perpetual Ltd’s holdings in HP were worth $1,256,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of HP by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,228 shares of the computer maker’s stock valued at $1,595,000 after purchasing an additional 10,354 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in HP by 4.9% in the second quarter. Beacon Pointe Advisors LLC now owns 26,349 shares of the computer maker’s stock worth $645,000 after purchasing an additional 1,239 shares during the last quarter. CW Advisors LLC purchased a new stake in HP in the second quarter worth approximately $447,000. Invesco Ltd. grew its position in HP by 15.9% in the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock worth $321,573,000 after purchasing an additional 1,806,246 shares during the period. Finally, Guggenheim Capital LLC grew its position in HP by 37.3% in the 2nd quarter. Guggenheim Capital LLC now owns 115,014 shares of the computer maker’s stock worth $2,813,000 after purchasing an additional 31,256 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ stock opened at $19.50 on Friday. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 5.42 and a beta of 1.11. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55. The firm has a fifty day moving average price of $19.01 and a 200-day moving average price of $22.80.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. HP’s payout ratio is 45.45%.

Analysts Set New Price Targets

HPQ has been the topic of several research analyst reports. Citigroup lowered their price target on HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. UBS Group reduced their price objective on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Wells Fargo & Company cut their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group reduced their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, HP currently has an average rating of “Reduce” and an average price target of $21.58.

HP 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.