UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in HP Inc. $HPQ

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in HP Inc. (NYSE:HPQ) by 3.0% in the second quarter, HoldingsChannel.com reports. The firm owned 8,736,665 shares of the computer maker’s stock after acquiring an additional 254,828 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HP were worth $191,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in HP during the fourth quarter worth about $25,000. SHP Wealth Management purchased a new position in HP in the fourth quarter valued at about $26,000. Union Savings Bank acquired a new stake in shares of HP during the 4th quarter valued at approximately $28,000. Aberdeen Wealth Management LLC purchased a new stake in shares of HP during the 2nd quarter worth approximately $29,000. Finally, DV Equities LLC purchased a new stake in shares of HP during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. TD Cowen increased their price objective on shares of HP from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Evercore set a $32.00 target price on shares of HP in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $25.17.

HP Stock Performance

HP stock opened at $30.03 on Tuesday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 3.23 and a beta of 1.17. The stock has a fifty day moving average of $26.51 and a two-hundred day moving average of $22.86.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior 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, analysts forecast that HP Inc. will post 3.25 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 45.80%.

About HP

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.