Chou Associates Management Inc. Purchases New Holdings in HP Inc. $HPQ

Chou Associates Management Inc. acquired a new position in HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,500 shares of the computer maker’s stock, valued at approximately $581,000. HP accounts for 0.3% of Chou Associates Management Inc.’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Baird Financial Group Inc. grew its holdings in shares of HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after buying an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in HP by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after acquiring an additional 551 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after acquiring an additional 8,779 shares during the period. Treasurer of the State of North Carolina grew its stake in HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after acquiring an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of HP in the second quarter worth approximately $233,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPQ. UBS Group boosted their price objective on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Citigroup boosted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley upped their price target 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. JPMorgan Chase & Co. increased their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group lifted their price objective on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Two 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. According to MarketBeat.com, HP presently has a consensus rating of “Reduce” and a consensus target price of $23.50.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $29.76 on Friday. The company has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a P/E/G ratio of 5.01 and a beta of 1.17. The stock’s 50 day moving average price is $25.78 and its 200 day moving average price is $22.40. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the company earned $0.71 earnings per share. 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. As a group, sell-side analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

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