HP Inc News and Headlines -

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Shares are up more than 5% since Friday

Shares of global computing devices giant HP Inc. (HPQ) are up more than 5% since Friday. The Palo Alto, California-based technology company posted its most recent quarterly earnings results, which beat expectations on earnings and revenue.

HP has now added more than 50% to its market value since bottoming on March 18, plunging to trade at a new three-year low of $12.54 per share. The company's strong performance was mainly due to an increase in sales and widening profitability margins. HP's management attributed the robust sales for the quarter to Covid-19-related benefits. However,

154 Views    Nicholas Kitonyi    2020-08-31 20:32
Nasdaq up 29.56% for the year and Dow Jones up 0.4%

The Dow Jones Industrial Average closed at 28,653.87 on Friday with a gain of 161.60 points or 0.57%. The S&P 500 closed at 3,508.01 for a gain of 23.46 points or 0.67%. The Nasdaq Composite closed at 11,695.63 for a gain of 70.30 points or 0.60%. The VIX Volatility Index was lower at 22.96 for a loss of 1.51 points or -6.17%.

For the week, the Nasdaq gained 3.3%, the S&P 500 gained 3.2% and the Dow Jones gained 2.6%. For the year, the Nasdaq is up 29.56%, the S&P 500 is up 8.58% and the Dow Jones has a

72 Views    Julie Young    2020-08-29 19:39
US stocks in the green, Big Lots beats Wall Street's predictions

US Markets

U.S. stocks were in the green on Friday. The Dow gained more than 80 points to 28,575, the S&P 500 index gained 0.26% to 3,494 and the Nasdaq Composite Index was up 0.62% to 11,698.

Gainers

• HP Inc (HPQ) +5.3%

• MGM Resorts International (MGM) +6%

• Norwegian Cruise Line Holdings Ltd (NCLH) +5.9%

• Carnival Corp (CCL) +5.4%

• Las Vegas Sands Corp (LVS) +4%

Losers

• Invesco Ltd (IVZ) -1.9%

• Travelers Companies Inc (TRV) -1.8%

• Salesforce.Com Inc (CRM) -1.7%

• Becton Dickinson and Co (BDX) -1.6%

• Kimco Realty Corp (KIM) -1.1%

68 Views    Omar Venerio    2020-08-28 16:08
Renowned activist guru adds to 2 of his top holdings

Activist investor Carl Icahn (Trades, Portfolio), leader of Icahn Capital Management, revealed he increased his stakes in Xerox Holdings Corp. (XRX) and Occidental Petroleum Corp. (OXY) last week.

The guru`s New York-based firm is known for taking activist positions in undervalued, struggling companies and working with management with the goal of improving profitability as well as unlocking value for shareholders.

According to GuruFocus Real-Time Picks, a Premium feature, Icahn upped his stake in Xerox by 7.73% on Aug. 5 and his position in Occidental by 12.5% on Aug. 3. Both companies are among his 10 largest

1059 Views    Sydnee Gatewood    2020-08-10 18:48
Discussion of markets and holdings

The Dodge & Cox Stock Fund had a total return of 20.0% for the second quarter of 2020, compared to 20.5% for the S&P 500 Index. For the six months ended June 30, 2020, the Fund had a total return of –15.0%, compared to –3.1% for the S&P 500.

Investment Commentary

During the first half of 2020, the spread of the coronavirus (COVID-19) evolved into a global pandemic that disrupted major economies, increased financial market volatility, and abruptly ended the longest stock market bull run in U.S. history. The U.S. equity market performed strongly in the second quarter recovering off

104 Views    Sydnee Gatewood    2020-07-27 22:17
Behind its current high-yield status is a company with reasonable fundamentals

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

238 Views    Robert Abbott    2020-07-02 20:55
Details the CEO buys this past week for the following companies: United Parcel Service, B. Riley Financial, OPKO Health and HP Inc

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.

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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'

149 Views    Joy Hu    2020-06-08 13:50
The largest Insider Buys this week were for Danaher Corp., General Motors Co., VF Corp. and HP Inc.

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

145 Views    Shuda Xia    2020-06-07 14:28
The stock is up more than 6%

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.

214 Views    Nicholas Kitonyi    2020-05-29 18:52
Their businesses are highly profitable and based on solid financials

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

85 Views    Alberto Abaterusso    2020-05-11 14:36
The guru's attempt to merge HP and Xerox failed on March 31, but this might be good for investors

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

450 Views    Dilantha De Silva    2020-04-01 16:47
Icahn is buying Occidental, Hertz and Hewlett-Packard

Legendary activist Carl Icahn (Trades, Portfolio) went on CNBC for an interview on March 13, 2020.

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

891 Views    Bram de Haas    2020-03-15 18:01
A look at Baupost's portfolio at the end of the year

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

293 Views    Rupert Hargreaves    2020-02-27 16:41
The Baupost Group invests in HP and Eldorado, sells out of Takeda

Seth Klarman (Trades, Portfolio) recently released the portfolio updates for The Baupost Group’s fourth quarter of 2019.

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

1084 Views    Margaret Moran    2020-02-14 20:35
The firm is maintaining its position as the company's top shareholder

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.

184 Views    Margaret Moran    2020-02-11 22:54
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

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.

HP Inc.

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.

But HP

164 Views    John Dorfman    2020-02-03 15:13
The printing products company posts earnings beat, but its bid for HP hits a wall

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%

131 Views    Margaret Moran    2020-01-28 20:49
Activist firm discloses new holding in medical device company

Pershing Square Capital Management, the activist firm founded by Bill Ackman (Trades, Portfolio), disclosed this week it established a new holding in Agilent Technologies Inc. (A).

Ackman’s firm buys the stock of public companies at a discount and pushes for change so that the market recognizes its value.

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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.

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215 Views    James Li    2019-12-10 17:14
Activist investor pushes for consolidation with Xerox

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

118 Views    Sydnee Gatewood    2019-12-04 17:40
Activist investor also takes short position in struggling malls

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.

523 Views    James Li    2019-11-20 19:06

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