Te Ahumairangi Investment Management Ltd Increases Stake in HP Inc. $HPQ

Key Points

• Te Ahumairangi Investment Management Ltd increased its stake in HP Inc. by 7.7%, now owning 156,722 shares valued at approximately $4.34 million.
• HP Inc.'s quarterly earnings report showed a profit of $0.75 per share, meeting analysts' expectations, with revenue of $13.93 billion, slightly surpassing estimates.
• The company recently declared a quarterly dividend of $0.2894, with a dividend yield of 4.1%, to be paid in October.

Te Ahumairangi Investment Management Ltd raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,722 shares of the computer maker's stock after purchasing an additional 11,233 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in HP were worth $4,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in HP in the first quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP during the first quarter worth about $35,000. CoreCap Advisors LLC increased its position in shares of HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after acquiring an additional 587 shares in the last quarter. Iron Horse Wealth Management LLC acquired a new stake in shares of HP in the 1st quarter worth about $39,000. Finally, Financial Freedom LLC raised its holdings in shares of HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after acquiring an additional 878 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. TD Cowen lowered their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Citigroup lowered their target price on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their target price on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $29.96.

HP Stock Performance

NYSE:HPQ traded up $0.19 on Monday, hitting $28.54. The stock had a trading volume of 12,745,588 shares, compared to its average volume of 8,673,215. The stock has a market cap of $26.68 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The firm's fifty day simple moving average is $25.76 and its two-hundred day simple moving average is $26.73.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's payout ratio is 42.34%.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.