The Manufacturers Life Insurance Company Purchases Shares of 706,270 HP Inc. $HPQ

The Manufacturers Life Insurance Company bought a new stake in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 706,270 shares of the computer maker’s stock, valued at approximately $15,496,000.

Other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. boosted its position in shares of HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL increased its position in HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after buying an additional 551 shares in the last quarter. Daiwa Securities Group Inc. increased its position in HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after buying an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in HP in the second quarter valued at about $233,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock valued at $1,478,622 in the last three months. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HPQ shares. Morgan Stanley cut their price objective on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, August 24th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Evercore set a $32.00 target price on shares of HP in a research report on Monday. Bank of America restated an “underperform” rating on shares of HP in a research note on Thursday. Finally, TD Cowen raised their price target on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday. Two investment 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’s stock. According to MarketBeat, HP has an average rating of “Reduce” and an average target price of $25.17.

HP Price Performance

NYSE:HPQ opened at $30.56 on Friday. The company has a 50 day moving average price of $26.38 and a 200-day moving average price of $22.76. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 4.59 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts anticipate that HP Inc. will post 3.25 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s dividend payout ratio is currently 45.80%.

HP Company 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.