Meiji Yasuda Asset Management Co Ltd. Sells 376 Shares of HP Inc. $HPQ

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of HP Inc. (NYSE:HPQ) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,908 shares of the computer maker’s stock after selling 376 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in HP were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of HP in the 1st quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP in the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC bought a new stake in shares of HP in the 1st quarter valued at about $39,000. Financial Freedom LLC increased its stake in shares of HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after acquiring an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after acquiring an additional 947 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

HP Stock Down 0.9%

NYSE:HPQ opened at $29.10 on Wednesday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The business has a 50 day moving average price of $26.37 and a two-hundred day moving average price of $26.52. The company has a market cap of $27.20 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on HPQ shares. Morgan Stanley lowered their price target on HP from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, May 29th. Dbs Bank cut HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Citigroup lowered their price target on HP from $29.00 to $27.50 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Finally, KGI Securities assumed coverage on HP in a research note on Thursday, May 29th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.96.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.