HP Inc. $HPQ Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd trimmed its position in shares of HP Inc. (NYSE:HPQ) by 16.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,402 shares of the computer maker’s stock after selling 30,300 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in HP were worth $4,286,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HPQ. ProShare Advisors LLC boosted its stake in shares of HP by 10.5% in the second quarter. ProShare Advisors LLC now owns 446,574 shares of the computer maker’s stock valued at $10,923,000 after purchasing an additional 42,518 shares during the period. Allworth Financial LP increased its stake in HP by 2.8% during the 2nd quarter. Allworth Financial LP now owns 43,231 shares of the computer maker’s stock worth $1,057,000 after buying an additional 1,168 shares during the period. Vise Technologies Inc. acquired a new stake in HP during the 2nd quarter worth approximately $491,000. National Pension Service boosted its position in HP by 0.4% in the 2nd quarter. National Pension Service now owns 2,109,061 shares of the computer maker’s stock valued at $51,588,000 after buying an additional 8,275 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in HP by 13.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 15,141 shares of the computer maker’s stock valued at $370,000 after buying an additional 1,851 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

Shares of HP stock traded down $0.04 during trading on Friday, hitting $18.91. 4,016,791 shares of the stock were exchanged, compared to its average volume of 19,484,447. The firm’s 50-day moving average price is $19.61 and its 200 day moving average price is $23.88. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 5.13 and a beta of 1.18. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.3%. HP’s dividend payout ratio is presently 45.45%.

Insider Buying and Selling at HP

In related news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares in the company, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HPQ. Argus raised HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Morgan Stanley decreased their target price on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, Barclays decreased their price objective on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $21.58.

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.