Waldron Private Wealth LLC Invests $218,000 in HP Inc. (NYSE:HPQ)

According to the latest 13F filing submitted to the Securities and Exchange Commission (SEC) by Waldron Private Wealth LLC on January 14, 2023, the institutional investment firm purchased a new position in HP Inc. (NYSE: HPQ) during the last quarter of 2022. The filing reveals that Waldron Private Wealth acquired 7,199 shares of HP Inc.'s common stock, with an approximate value of $217,969 based on the stock's closing price on December 31, 2022.

The 13F filing is a quarterly report that institutional investors must file with the SEC to disclose their holdings of U.S. equities with a market value exceeding $100,000 as of the end of the reporting period. This information is crucial for investors and market analysts to understand the investment strategies and positions of large institutional investors like Waldron Private Wealth.

HP Inc. is a leading technology company that designs, manufactures, and sells personal computers (PCs), printers, and related supplies worldwide. The company operates through two segments: Personal Systems and Printing. The Personal Systems segment offers commercial and consumer desktop and notebook computers, workstations, thin clients, and related services. The Printing segment provides inkjet and laserjet printers and multi-function printers, supplies, and related services.

As of December 31, 2022, HP Inc.'s market capitalization was approximately $35 billion, and its stock price closed at around $33 per share. The acquisition of 7,199 shares by Waldron Private Wealth represents a 0.02% ownership stake in the company based on its total outstanding shares.

The investment by Waldron Private Wealth in HP Inc. could be seen as a positive sign for the company's future prospects, as institutional investors often conduct extensive research and analysis before making significant investments. The acquisition of shares by an institutional investor like Waldron Private Wealth could potentially lead to increased demand for HP Inc.'s stock and potentially drive up its price.

It is important to note that this information is based on the most recent available data and does not guarantee future investment decisions or performance by Waldron Private Wealth or HP Inc. Additionally, it is essential to consider that institutional investors may buy or sell stocks for various reasons, including strategic considerations, market trends, or portfolio rebalancing, among others. Therefore, this investment should not be interpreted as a definitive indicator of HP Inc.'s future financial success or stock price movement.