HP Inc $ 16.75 0.12 (0.72%)
HP News and Headlines - HPQ
Scanning the headlines about HP Inc. (HPQ), formerly Hewlett Packard, generates quite a range of good and bad news.
But what kind of a dividend stock is it? Based on its inclusion on the High-Yield Dividend Screener & High-Dividend Yield Stocks in Guru's Portfolios list, it must have some merits. To get onto that list, a stock must be held by at least one investing guru, and it must offer a dividend yield of at least 4%.
We’ll look at the dividend specifics in a moment, but first, what is this company that has been through a significant
According to GuruFocus Insider Data, these were the largest CEO buys during the past week.
United Parcel Service
United Parcel Service Inc. (UPS) CEO Carol B. Tome bought 10,100 shares on May 29 at a price of $99.33. The price of the stock has increased by 7.37% since then.
As the world's largest parcel delivery company, UPS manages a fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS'
According to GuruFocus data, the largest Insider Buys this week were for Danaher Corp. (DHR), General Motors Co. (GM), VF Corp. (VFC) and HP Inc. (HPQ).
Danaher Corp Chairman of Exec. Committee Mitchell P. Rales bought 141,420 shares
Chairman of Exec. Committee Mitchell P. Rales bought 141,420 shares on May 29 at the average price of $164.69. The price of the stock has increased by 5.19% since.
Danaher Corp. is an American international diversified conglomerate that focuses on designing, manufacturing and marketing professional, medical, industrial and commercial products and services. The company has a market capitalization of $122.48 billion, and
Shares of software and computing infrastructure giant Dell Technologies Inc. (DELL) gained more than 6% on Friday following Thursday’s after-market earnings release. The company’s most recent quarterly results beat analysts' revenue expectations.
While the coronavirus pandemic continues to affect business activity around the globe, companies like Dell Technologies witnessed a significant jump in sales of computing devices, which include personal computers, notebooks and tablets. This was primarily due to a change in the mode of operation of companies that opted to work from home in an effort to curb the spread of Covid-19.
Investors may want to have a look at the following stocks, as they have low price-sales ratios, high profitability and good financial strength.
Fomento Economico Mexicano SAB de CV
The first company to have a look at is Fomento Economico Mexicano SAB de CV (FMX), a Mexican bottler of Coca-Cola trademark beverages.
The stock traded at a price of $67.74 per share at close on Friday, May 8 for a price-sales ratio of 1.83. The industry median for the price-sales ratio is 1.63.
Fomento has a GuruFocus profitability rating of 8 out of 10, with a return on equity of
Investors associate Carl Icahn (Trades, Portfolio) with activist moves that drive radical changes in companies that he takes an interest in. As recently as last week, I published an article outlining how the guru forced Occidental Petroleum to agree to his demands, including significant pay cuts.
Despite his stellar track record, Icahn lost a battle with HP Inc. (HPQ) on March 31 as Xerox Holdings Corporation (XRX) put an end to its takeover attempt of its larger rival. The guru has been pushing HP to accept the more than $30 billion tender
Icahn has run a very well-hedged book over the past few years. Now he believes the market has reached a point where some companies are being given away. He does think the market probably still has a way to go down. However, he’s not hedging as much anymore.
He is buying Hertz (HRTZ), Hewlett Packard (HPQ) and Occidental Petroleum (OXY). Icahn believes there is too much money floating around, and as a result there have been a lot
Seth Klarman (Trades, Portfolio) is undoubtedly one of the best value investors alive today. His hedge fund, the Boston-based Baupost, has achieved an average annual return for its investors of 20% over the past few decades. Klarman has been able to achieve this return even while frequently keeping levels of cash in excess of 30%.
Considering his track record and detailed understanding of the value art, I like to keep an eye on Baupost's 13F filings with the SEC to see where Klarman is finding value in the market.
I should point out that these filings are
Klarman is the portfolio manager of The Baupost Group, a hedge fund founded by Harvard Professor William Poorvu in 1982. Based in Boston, the long-only fund invests in a wide range of securities, from common stocks to liquidations and distressed debt. Klarman holds that a solid investing strategy should never ignore risks in the pursuit of absolute returns, which is one of the three pillars of his investing philosophy. The other two are to analyze losses before gains and to
Dodge & Cox has recently disclosed that it upped its stake in HP Inc. (HPQ) by 20.72%. Owning 10.11% of shares outstanding, the firm is HP’s largest institutional shareholder.
With over 80 years of history as an investment company, Dodge & Cox has built a team of professionals that have mostly spent their entire careers with the team. The San Francisco-based mutual fund emphasizes independent research as the heart of each investment, focusing on out-of-favor areas and evaluating companies based on a long-term fundamental outlook and a healthy skepticism of consensus conclusions. The equity portfolio is valued at $121.53 billion.
The stock market in the past couple of years has been a momentum market, in which rich stocks get richer and poor stocks get poorer.
That may change fairly soon. But for the moment, investors would be smart to look at stocks that possess both value and momentum. Here, folks, are four of them.
In 2015, Hewlett-Packard Co. split into Hewlett-Packard Enterprise (HPE) and HP Inc. (HPQ). The former, which provides software and services to large companies, is generally considered the sexy half. HP Inc., which makes personal computers, printers and ink cartridges, is deemed dull.
On Jan. 28 before market open, Xerox Holdings Corp. (XRX) posted earnings for the fourth quarter and full year ended Dec. 31, 2019.
For the fourth quarter, revenue came in at $2.44 billion compared to $2.48 billion in the prior-year quarter, while adjusted earnings per share were $1.33 compared to 94 cents in the prior-year quarter. Analysts were expecting revenue of $2.39 million on earnings per share of 26 cents.
For the full year, the printing products and services company reported adjusted earnings of $3.55 per share (up 67 cents year over year) on $9.07 billion in revenue (down 6.7%
Ackman’s firm buys the stock of public companies at a discount and pushes for change so that the market recognizes its value.
Transaction details and company background
According to a filing with the Securities and Exchange Commission, Pershing Square purchased 2,916,103 shares of Agilent, giving the position 3.44% weight in the equity portfolio. Shares averaged $72.2 during the quarter.
December 4, 2019
Dear Fellow HP Shareholders,
I beneficially own 23,456,087 common shares of Xerox Holdings Corporation, constituting approximately 10.85% of the outstanding shares, and 62,902,970 common shares of HP Inc., constituting approximately 4.24% of the outstanding shares. These holdings place me among the largest shareholders of each company and I, as well as many others, believe firmly in the industrial logic of combining these two great American businesses.
Amazingly, while HP’s board and management have also declared publicly that they recognize the potential benefits of consolidation, the only thing standing in the way of moving quickly toward a combination
Carl Icahn (Trades, Portfolio), founder of Icahn Capital Management and board chairman of Icahn Enterprises LP (IEP), disclosed last week he took activist positions in HP Inc. (HPQ) and Cloudera Inc. (CLDR) during the third quarter. Further, Icahn this week took a $400 million bet against struggling malls according to CNBC sources.
Managing a portfolio of 18 stocks, Icahn seeks activist positions through three investment vehicles: the Icahn Partners hedge fund, American Real Estate Partners and Icahn Capital Management. GuruFocus tracks the holdings in Icahn Capital Management, which also covers all stocks held by Icahn Partners.
S&P 500 stocks were mostly lower Thursday as the U.S. and China continue to negotiate on trade. The Dow Jones Industrial Average fell 0.01% to 27,781, the S&P 500 Index gained 0.08% to 3,097 and the Nasdaq Composite Index slid 0.04% to 8,479.
Non-index stocks have also posted gains and losses recently. Shares of NetApp Inc. (NTAP) gained 3.2% on Thursday after the company announced second-quarter results. It posted earnings of $1.09 per share, beating estimates by 15 cents. Revenue of $1.37 billion fell $10 million short of expectations.
“Our second quarter fiscal 2020 results reflect the strength of our
Ever since the Xerox Holding Corp. (XRX) bubble burst in 1999, the price of the company’s stock has been ranging around an invisible line in the mid-$30s, not going much of anywhere unless you bought it at the bottom of its recession low in 2008. Its main competitor in the printing industry, HP Inc. (HPQ), has been in a similar situation, ranging around $10 to $20 per share since 2001.
While Xerox sells printers, printing supplies and copiers, HP has branched out to become the number one PC seller in the U.S. in addition
Stocks were in the red on Wednesday on the heels of the IHS Markit reporting the final October Purchasing Managers’ Index (PMI) for the eurozone came in at 50.6, which was higher than expected and up from September’s figure of 50.1. The Dow Jones Industrial Average fell 0.07% to 27,474, the S&P 500 Index dipped 0.04% to 3,072 and the Nasdaq Composite Index slid 0.38% to 8,402.
Non-index stocks have also posted gains and losses recently. Shares of CVS Health Corp. (CVS) gained almost 5% on Wednesd
As of Tuesday, the GuruFocus All-in-One Screener found the following stocks that have low price-earnings ratios and have been bought by gurus. While some of them are great investments, others need to be checked again, according to the discounted cash flow calculator.
Discover Financial Services
With a market cap of $25.12 billion, Discover Financial Services (DFS) is trading with a price-earnings ratio of 9.23. According to the DCF calculator, the stock has a fair value of $168.17 while trading at about $80. The price has risen 6% over the last 12 months and is now
The Dodge & Cox Stock Fund had a total return of 0.2% for the third quarter of 2019, compared to 1.7% for the S&P 500 Index. For the nine months ended September 30, 2019, the Fund had a total return of 13.4%, compared to 20.6% for the S&P 500.
Despite intermittent periods of volatility, the U.S. equity market performed strongly during the first nine months of 2019 with the S&P 500 up 21%. Information Technology (up 31%) was the best-performing sector of the S&P 500. In addition, since the U.S. Treasury yield curve inverted and stoked fears