Mediolanum International Funds Ltd Increases Stock Position in HP Inc. $HPQ

Mediolanum International Funds Ltd boosted its position in HP Inc. (NYSE:HPQ) by 194.4% during the first quarter, Holdings Channel.com reports. The fund owned 293,943 shares of the computer maker’s stock after acquiring an additional 194,114 shares during the period. Mediolanum International Funds Ltd’s holdings in HP were worth $5,600,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. DNB Asset Management AS raised its stake in shares of HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after acquiring an additional 7,498,202 shares during the last quarter. Norges Bank bought a new stake in shares of HP in the fourth quarter worth about $149,309,000. Arrowstreet Capital Limited Partnership increased its holdings in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the period. AQR Capital Management LLC raised its position in HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in HP by 626.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after purchasing an additional 4,267,600 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

HP stock opened at $24.25 on Tuesday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The stock’s 50 day simple moving average is $23.81 and its two-hundred day simple moving average is $21.11. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 4.19 and a beta of 1.19.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’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, analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. HP’s dividend payout ratio is 44.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HPQ shares. JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Citigroup upped their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group raised their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. TD Cowen lifted 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. Finally, Morgan Stanley boosted their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $23.33.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

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.