Milestone Asset Management LLC and Swedbank AB have increased their positions in HP Inc. (HPQ), while Robeco Institutional Asset Management B.V. and Royal Fund Management LLC have reduced their interests. This comes as HP maintains its quarterly dividend of $0.2894 per share and expands its AI-powered product portfolio. However, criticism has been raised as returns on HP's capital do not inspire confidence and the market has experienced an unusual dip in HP's stocks, despite its performance exceeding the market.
Worth mentioning is the US Department of Justice's lawsuit against Hewlett Packard Enterprise's $14 billion Juniper deal, which might cause some market turbulence. The AI PC revolution is also something HP is seemingly leading, yet the company has faced a significant market cap drop recently. Amidst these, billionaire David Einhorn has shown faith in HPQ, calling it his top stock pick. HP's new appointment of Carol Surface as Chief People Officer and fresh AI PCs launched at CES 2025 generated interest.
The company also demonstrated resilience by raising its dividend by 5% despite mixed results. An intrinsic calculation suggests that HPQ is 44% undervalued, showing potential for growth. Despite some setbacks, like reducing stock holdings, analysts are optimistic about HP's financial future, buttressed by Goldman Sachs' raised price target and DBS's 'Buy' rating.
Hp HPQ News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sun, 02 Feb 2025 00:20:39 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor -3
