Korea Investment CORP Makes New $5.87 Million Investment in HP Inc. $HPQ

Korea Investment CORP bought a new stake in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 267,559 shares of the computer maker’s stock, valued at approximately $5,870,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Callan Family Office LLC acquired a new stake in HP in the second quarter valued at about $3,029,000. Vanguard Group Inc. raised its stake in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in HP during the fourth quarter worth about $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after acquiring an additional 103,175 shares during the last quarter. Finally, BNP Paribas boosted its stake in shares of HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after purchasing an additional 128,296 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Barclays boosted their target price on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Bank of America upped their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Two 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. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $24.17.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of HP 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 directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by company insiders.

HP Price Performance

Shares of NYSE HPQ opened at $28.57 on Tuesday. The company has a 50 day simple moving average of $25.86 and a 200 day simple moving average of $22.49. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The firm has a market cap of $26.13 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. 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, research analysts anticipate that HP Inc. will post 2.98 earnings per share 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 issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.2%. HP’s dividend payout ratio (DPR) is presently 44.28%.

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.