Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
HP Inc (HPQ)
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
A quick look at the price chart below shows us that the stock is down 17% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.50 which means that it remains undervalued.
Superinvestors who currently hold positions in the company include:
(Shares)
Warren Buffett – 104,476,035
Cliff Asness – 4,136,235
Israel Englander – 3,282,107
Ken Griffin – 510,144
Joel Greenblatt – 271,673
Paul Tudor Jones – 269,104
Catherine Wood – 186,681
Ray Dalio – 26,826
Mario Gabelli – 26,349
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