Te Ahumairangi Investment Management Ltd Buys 30,980 Shares of HP Inc. $HPQ

Te Ahumairangi Investment Management Ltd boosted its stake in HP Inc. (NYSE:HPQ) by 19.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 187,702 shares of the computer maker’s stock after acquiring an additional 30,980 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in HP were worth $4,591,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HPQ. State of Alaska Department of Revenue lifted its holdings in shares of HP by 36.0% in the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after purchasing an additional 75,895 shares in the last quarter. LBP AM SA acquired a new stake in HP in the 2nd quarter valued at approximately $7,279,000. Jump Financial LLC acquired a new stake in HP in the 1st quarter valued at approximately $6,359,000. Resona Asset Management Co. Ltd. lifted its stake in HP by 6.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock valued at $7,825,000 after acquiring an additional 18,240 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new position in HP during the 1st quarter worth approximately $627,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ stock opened at $24.26 on Wednesday. The company has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $26.39. HP Inc. has a one year low of $21.21 and a one year high of $39.62. The stock has a market cap of $22.68 billion, a P/E ratio of 8.85, a P/E/G ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same period in the previous year, the business earned $0.93 EPS. HP’s revenue for the quarter was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. As a group, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. HP’s payout ratio is 41.97%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HPQ shares. Citigroup lowered their price objective on shares of HP from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Evercore ISI decreased their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, October 22nd. Morgan Stanley set a $21.00 price objective on shares of HP in a research note on Friday. Finally, HSBC set a $30.00 price objective on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, HP presently has a consensus rating of “Hold” and a consensus price target of $26.92.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.38% of the company’s stock.

About HP

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.