Te Ahumairangi Investment Management Ltd Takes $2.32 Million Position in HP Inc. $HPQ

Te Ahumairangi Investment Management Ltd acquired a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 105,686 shares of the computer maker’s stock, valued at approximately $2,319,000.

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

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The stock was 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. The trade was 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. TD Cowen increased their price target 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. JPMorgan Chase & Co. raised 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. Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, Citigroup upped their target price on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $23.50.

HP Stock Up 0.2%

Shares of HPQ opened at $29.76 on Monday. The company 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 Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The stock has a 50 day moving average price of $25.78 and a 200 day moving average price of $22.42.

HP (NYSE:HPQ) last issued 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’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, equities analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP’s dividend payout ratio is 44.28%.

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.