Te Ahumairangi Investment Management Ltd Makes New Investment in HP Inc. $HPQ

Te Ahumairangi Investment Management Ltd purchased a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,686 shares of the computer maker's stock, valued at approximately $2,319,000.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on HPQ. UBS Group boosted their target price on shares of HP from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. Bank of America lifted their price objective on shares of HP from $16.00 to $18.00 and gave the company an "underperform" rating in a report on Thursday, May 28th. TD Cowen upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Finally, Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, May 28th. Two equities 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $23.50.

HP Price Performance

Shares of NYSE:HPQ opened at $29.76 on Monday. The business's 50 day moving average price is $25.78 and its 200-day moving average price is $22.42. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17.

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

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP's payout ratio is presently 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 in the last ninety days. 0.18% of the stock is owned by corporate 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.

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