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

Mirae Asset Global Investments Co. Ltd. boosted its stake in HP Inc. (NYSE:HPQ) by 11.7% in the second quarter, Holdings Channel reports. The firm owned 212,743 shares of the computer maker’s stock after purchasing 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.

Other large investors have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new position in HP in the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP during the 4th quarter worth approximately $26,000. SHP Wealth Management acquired a new stake in shares of HP during the 4th quarter worth approximately $26,000. Union Savings Bank acquired a new stake in shares of HP during the 4th quarter worth approximately $28,000. Finally, DV Equities LLC bought a new position in HP in the fourth quarter valued at approximately $29,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. Insiders own 0.18% of the company’s stock.

HP Price Performance

HPQ stock opened at $31.31 on Friday. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 4.94 and a beta of 1.17. The company has a 50 day simple moving average of $25.21 and a 200 day simple moving average of $21.98. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

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

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. HP’s dividend payout ratio (DPR) is 44.28%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HPQ. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. TD Cowen boosted their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Citigroup upped their price objective on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, UBS Group raised their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target 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.