Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 2,245,695 HP Inc. $HPQ

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,245,695 shares of the computer maker’s stock, valued at approximately $49,271,000.

A number of other large investors have also added to or reduced their stakes in the business. DNB Asset Management AS boosted its position in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares during the period. Norges Bank bought a new position in shares of HP during the fourth quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the period. AQR Capital Management LLC increased its holdings in HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in HP during the 2nd quarter worth $109,934,000. Institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

HP Stock Performance

HP stock opened at $29.99 on Thursday. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 5.05 and a beta of 1.17. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The stock’s 50 day moving average price is $25.59 and its two-hundred day moving average price is $22.28.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities research analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HPQ. Barclays upped their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Citigroup boosted their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Wells Fargo & Company increased their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, TD Cowen lifted their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, HP has an average rating of “Reduce” and a consensus price target of $23.50.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.