HP Inc. $HPQ Position Increased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its position in HP Inc. (NYSE:HPQ) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,481,211 shares of the computer maker’s stock after purchasing an additional 101,844 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in HP were worth $40,333,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in HP in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC lifted its holdings in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of HP in the second quarter valued at $27,000. Corsicana & Co. acquired a new stake in shares of HP in the third quarter worth $33,000. Finally, Global Trust Asset Management LLC grew its holdings in shares of HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at $3,677,856. The trade was a 22.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the sale, the insider owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 110,123 shares of company stock worth $2,784,126 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group set a $24.00 price objective on HP in a research note on Wednesday, November 26th. Barclays reissued an “underweight” rating and issued a $18.00 price target (down from $24.00) on shares of HP in a research report on Friday, January 16th. The Goldman Sachs Group downgraded shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 price objective on the stock. in a research report on Tuesday, January 13th. Bank of America cut their target price on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.77.

HP Stock Performance

NYSE:HPQ opened at $19.42 on Monday. The company has a market capitalization of $17.82 billion, a P/E ratio of 7.33, a P/E/G ratio of 3.65 and a beta of 1.21. The stock’s 50 day moving average price is $22.95 and its 200 day moving average price is $25.45. HP Inc. has a 52 week low of $19.20 and a 52 week high of $35.28.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The company had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 6.2%. HP’s dividend payout ratio (DPR) is currently 45.28%.

HP Profile

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.