Wealth Enhancement Advisory Services LLC grew its holdings in HP Inc. (NYSE:HPQ – Free Report) by 10.4% in the fourth quarter, HoldingsChannel reports. The fund owned 372,367 shares of the computer maker’s stock after buying an additional 35,009 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HP were worth $8,262,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC increased its position in HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in HP in the 2nd quarter valued at about $27,000. Westfuller Advisors LLC acquired a new position in shares of HP during the 3rd quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of HP in the third quarter valued at approximately $30,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.
HP Trading Up 0.6%
HPQ stock opened at $19.45 on Friday. The stock has a market capitalization of $17.78 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 5.37 and a beta of 1.18. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.55. The firm has a 50-day moving average price of $19.07 and a 200-day moving average price of $23.15.
HP Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is presently 45.45%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HPQ. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Wells Fargo & Company cut their target price on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. UBS Group decreased their price target on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Finally, Barclays dropped their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $21.58.
Key Headlines Impacting HP
Here are the key news stories impacting HP this week:
- Positive Sentiment: HP rolled out a broad AI-focused product and software lineup — new AI PCs, printers, quantum-resistant security features (TPM Guard), HP IQ, HP NearSense, and workflow intelligence — and highlighted partnerships (including Google) to enable local-first and cross-device AI capabilities. This positions HP to capture enterprise/hybrid-work AI spending and is the chief bullish catalyst. HP Bets On AI PCs And Security To Reframe Long Term Story
- Positive Sentiment: Recent quarterly results showed an EPS beat and revenue upside, and HP has posted a notable share rebound (~week-to-week improvement). That earnings momentum underpins investor confidence in near-term fundamentals and the company’s guidance cadence. HP (HPQ) Up 6.9% Since Last Earnings Report: Can It Continue?
- Neutral Sentiment: Analysts are mixed on HP’s medium-term outlook — some highlight the potential from AI/security products while others remain cautious on sustainable margin expansion; that creates divergent broker views and uneven analyst signals for investors. Analysts’ Opinions Are Mixed on These Technology Stocks
- Neutral Sentiment: There’s an odd legal/estate story circulating about HP seeking control of a Lynch £500m estate; its connection to HP’s operating business and financials is unclear, so it’s currently a peripheral/uncertain factor for shareholders. HP seeks to seize control of Lynch £500m estate from family
- Negative Sentiment: Morgan Stanley said HP’s AI-device push “fails to provide a meaningful catalyst,” signaling continued skepticism from major brokers that could limit upside until product traction is proven. HP continues AI device push but fails to provide meaningful catalyst: Morgan Stanley
- Negative Sentiment: A prominent price-target cut (down ~15.7% to $20.07) reduces near-term upside perceived by some investors and reflects lingering concerns about valuation and execution risk. HP (HPQ) price target decreased by 15.70% to 20.07
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.
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