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

Daiwa Securities Group Inc. grew its position in HP Inc. (NYSE:HPQ) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 188,024 shares of the computer maker’s stock after purchasing an additional 20,303 shares during the period. Daiwa Securities Group Inc.’s holdings in HP were worth $4,189,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. State Street Corp raised its holdings in HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. Geode Capital Management LLC raised its holdings in HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares during the period. DNB Asset Management AS raised its holdings in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after purchasing an additional 7,498,202 shares during the period. Finally, AQR Capital Management LLC raised its holdings in HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after purchasing an additional 5,325,260 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Down 0.9%

Shares of NYSE:HPQ opened at $25.36 on Tuesday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The company’s fifty day simple moving average is $21.53 and its 200 day simple moving average is $21.22. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 4.32 and a beta of 1.16.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly 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. Research analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s payout ratio is presently 44.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HPQ shares. UBS Group increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Barclays increased their target price on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Citigroup raised their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Evercore set a $22.00 price objective on shares of HP in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $23.33.

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.