Brandywine Global Investment Management LLC Takes Position in HP Inc. $HPQ

Brandywine Global Investment Management LLC purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 311,249 shares of the computer maker’s stock, valued at approximately $6,935,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. IHT Wealth Management LLC lifted its stake in shares of HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after acquiring an additional 398 shares during the period. Vident Advisory LLC lifted its stake in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after acquiring an additional 444 shares during the period. Personal CFO Solutions LLC lifted its stake in shares of HP by 2.2% in the third quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock worth $585,000 after acquiring an additional 459 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of HP by 0.9% in the third quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after acquiring an additional 470 shares during the period. Finally, Vise Technologies Inc. lifted its stake in shares of HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after acquiring an additional 477 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on HPQ. The Goldman Sachs Group lifted their price objective on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Two investment 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 currently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Stock Down 1.9%

NYSE HPQ opened at $24.89 on Wednesday. The company has a market cap of $22.77 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 4.28 and a beta of 1.17. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The business has a 50 day moving average price of $21.64 and a 200-day moving average price of $21.24.

HP (NYSE:HPQ) last released its quarterly earnings data 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 negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’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. On average, equities research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared 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 is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.8%. HP’s dividend payout ratio is 44.28%.

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.