Mitsubishi UFJ Trust & Banking Corp Sells 627,222 Shares of HP Inc. $HPQ

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of HP Inc. (NYSE:HPQ) by 42.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 853,989 shares of the computer maker’s stock after selling 627,222 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in HP were worth $19,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Applied Finance Capital Management LLC boosted its position in shares of HP by 8.4% during the 3rd quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after purchasing an additional 94,494 shares during the period. Vanguard Group Inc. raised its position in HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. Maj Invest Holding A S lifted its stake in HP by 3.8% during the third quarter. Maj Invest Holding A S now owns 5,754,138 shares of the computer maker’s stock worth $156,686,000 after purchasing an additional 210,762 shares in the last quarter. Railway Pension Investments Ltd boosted its position in shares of HP by 6.1% during the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock worth $43,568,000 after buying an additional 92,400 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of HP by 34.6% in the third quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock valued at $10,685,000 after buying an additional 102,825 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Bank of America reissued an “underperform” rating and set a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Morgan Stanley dropped their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, UBS Group cut their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of “Reduce” and a consensus price target of $21.58.

HP Stock Up 3.7%

NYSE HPQ opened at $20.89 on Friday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.55. The firm has a 50 day moving average of $19.14 and a two-hundred day moving average of $21.83. The stock has a market capitalization of $19.10 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 5.59 and a beta of 1.11.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities research analysts expect that HP Inc. will post 2.84 earnings per share for the current fiscal year.

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.