Meeder Asset Management Inc. Invests $566,000 in HP Inc. $HPQ

Meeder Asset Management Inc. acquired a new stake in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,780 shares of the computer maker’s stock, valued at approximately $566,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after buying an additional 157,464 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of HP in the 4th quarter worth $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of HP by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after buying an additional 103,175 shares in the last quarter. Finally, BNP Paribas increased its stake in shares of HP by 8,978.0% during the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after buying an additional 128,296 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HPQ. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Wells Fargo & Company boosted their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price objective on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $23.50.

HP Price Performance

Shares of HPQ stock opened at $30.05 on Wednesday. The stock’s fifty day moving average price is $25.49 and its 200 day moving average price is $22.20. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19. The company has a market cap of $27.48 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 5.08 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’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. As a group, equities research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business 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 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by insiders.

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.