UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,736,665 shares of the computer maker's stock after purchasing an additional 254,828 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.96% of HP worth $191,682,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in HP in the second quarter valued at $2,357,757,000. Primecap Management Co. CA purchased a new stake in shares of HP in the 2nd quarter valued at about $545,984,000. Legal & General Group Plc acquired a new stake in shares of HP in the 2nd quarter valued at about $180,689,000. DNB Asset Management AS boosted its position in shares of HP by 242.2% in the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the period. Finally, Man Group plc purchased a new stake in HP in the second quarter valued at approximately $149,223,000. Institutional investors and hedge funds own 77.53% of the company's stock.
Insider Transactions at HP
In other 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 transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. Insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. TD Cowen lifted their target price on shares of HP from $26.00 to $30.00 and gave the company a "hold" rating in a report on Thursday. UBS Group lifted their price objective on shares of HP from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Sanford C. Bernstein reiterated a "market perform" rating and set a $32.00 target price on shares of HP in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price target on HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a report 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $25.17.
Check Out Our Latest Stock Report on HP
HP Stock Performance
Shares of HPQ opened at $30.03 on Tuesday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The stock has a market capitalization of $27.08 billion, a P/E ratio of 11.46, a P/E/G ratio of 3.23 and a beta of 1.17. The company's fifty day moving average is $26.51 and its two-hundred day moving average is $22.86.
HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business's quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Sell-side analysts predict that HP Inc. will post 3.25 EPS for the current year.
HP Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued 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 currently 45.80%.
HP Company Profile
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Free Report)
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.
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