311,249 Shares in HP Inc. $HPQ Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC purchased a new position in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 311,249 shares of the computer maker’s stock, valued at approximately $6,935,000.

Several other institutional investors have also bought and sold shares of HPQ. DNB Asset Management AS grew its holdings in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares in the last quarter. Norges Bank purchased a new position in HP in the fourth quarter worth $149,309,000. Arrowstreet Capital Limited Partnership boosted its position in HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC boosted its position 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 last quarter. Finally, Vanguard Group Inc. boosted its position in HP by 2.5% in the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after purchasing an additional 3,122,436 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of NYSE HPQ opened at $24.89 on Wednesday. HP Inc. has a one year low of $17.56 and a one year high of $29.65. The business’s fifty day moving average price is $21.64 and its 200-day moving average price is $21.24. The stock has a market capitalization of $22.77 billion, a PE ratio of 9.19, a P/E/G ratio of 4.28 and a beta of 1.17.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities analysts expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s dividend payout ratio is currently 44.28%.

Analysts Set New Price Targets

HPQ has been the topic of several research analyst reports. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Evercore set a $22.00 price objective on HP in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, HP has an average rating of “Reduce” and an average price target of $23.33.

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.