TD Asset Management Inc Acquires 143,678 Shares of HP Inc. $HPQ

TD Asset Management Inc lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 653,071 shares of the computer maker’s stock after acquiring an additional 143,678 shares during the period. TD Asset Management Inc’s holdings in HP were worth $14,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPQ. Garner Asset Management Corp bought a new stake in shares of HP during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in HP in the 4th quarter worth about $26,000. Sound Income Strategies LLC grew its position in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares in the last quarter. Caitlin John LLC bought a new stake in HP in the 3rd quarter worth about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in HP in the 4th quarter worth about $32,000. 77.53% of the stock is owned by institutional investors.

HP Stock Down 0.9%

HPQ opened at $25.36 on Tuesday. The stock 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 Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The company’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $21.22.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. 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, sell-side analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HPQ shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley upped their price objective on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Barclays upped their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $23.33.

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.