Mirae Asset Global Investments Co. Ltd. Acquires 22,218 Shares of HP Inc. $HPQ

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,743 shares of the computer maker’s stock after buying an additional 22,218 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HP were worth $4,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. State Street Corp raised its stake in HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares during the period. Geode Capital Management LLC raised its stake in HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after acquiring an additional 274,033 shares during the period. Invesco Ltd. lifted its holdings in HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in HP by 50.2% during the fourth quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after purchasing an additional 4,542,339 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred 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 directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last quarter. 0.18% of the stock is currently owned by company insiders.

HP Stock Performance

HPQ opened at $31.31 on Friday. The stock has a fifty day moving average of $25.21 and a 200-day moving average of $21.98. The company has a market capitalization of $28.64 billion, a P/E ratio of 11.55, a P/E/G ratio of 4.94 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the prior year, the company posted $0.71 earnings per share. HP’s revenue was up 9.0% compared to the same quarter last year. 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 predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HPQ. UBS Group increased their price objective on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Bank of America upped their price target on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. TD Cowen increased their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Wells Fargo & Company raised 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, Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $23.50.

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.