38,713 Shares in HP Inc. $HPQ Bought by OVERSEA CHINESE BANKING Corp Ltd

Key Points

• OVERSEA CHINESE BANKING Corp Ltd acquired 38,713 HP shares during the second quarter, valued at approximately $849,000. Institutional investors collectively own 77.53% of HP’s stock.
• HP reported quarterly earnings of $0.86 per share, beating estimates of $0.72, while revenue rose 9% year over year to $14.41 billion. The company also declared a $0.30 quarterly dividend, representing a 4.0% annualized yield.
• Despite HP shares trading near $29.76, above the analyst consensus price target of $23.50, the stock carries an average “Reduce” rating. An HP insider also sold 21,048 shares under a pre-arranged trading plan.

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 38,713 shares of the computer maker's stock, valued at approximately $849,000.

Several other institutional investors have also recently bought and sold shares of HPQ. Garner Asset Management Corp acquired a new stake in shares of HP in the 4th quarter valued at approximately $25,000. SHP Wealth Management acquired a new position in HP during the 4th quarter worth approximately $26,000. Union Savings Bank acquired a new position in HP during the 4th quarter worth approximately $28,000. DV Equities LLC bought a new position in HP in the 4th quarter valued at approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HP in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Performance

Shares of NYSE HPQ opened at $29.76 on Friday. The company has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 4.97 and a beta of 1.17. The company's 50 day moving average price is $25.78 and its 200-day moving average price is $22.40. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last 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. Analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. 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 44.28%.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated 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 of the company's stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock worth $1,478,622 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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. JPMorgan Chase & Co. boosted 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 stock a "neutral" rating in a report on Thursday, May 28th. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, July 6th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, HP currently has an average rating of "Reduce" and an average price target of $23.50.

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.

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