E Fund Management Co. Ltd. Purchases New Position in HP Inc. $HPQ

E Fund Management Co. Ltd. acquired a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,199 shares of the computer maker’s stock, valued at approximately $553,000.

A number of other institutional investors have also recently bought and sold shares of HPQ. Edmond DE Rothschild Holding S.A. bought a new stake in HP in the second quarter valued at approximately $312,000. Johnson Financial Group Inc. bought a new position in shares of HP during the second quarter worth $292,000. Tocqueville Asset Management L.P. acquired a new position in shares of HP in the 2nd quarter valued at $274,000. West Family Investments Inc. acquired a new position in shares of HP in the 2nd quarter valued at $303,000. Finally, Denali Advisors LLC increased its position in shares of HP by 11.8% in the 2nd quarter. Denali Advisors LLC now owns 49,394 shares of the computer maker’s stock valued at $1,084,000 after buying an additional 5,232 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 1.7%

HPQ opened at $29.42 on Friday. The stock has a market capitalization of $26.91 billion, a P/E ratio of 10.86, a P/E/G ratio of 5.05 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The firm’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $22.35.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was up 9.0% on a year-over-year basis. 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 research analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company 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 dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. HP’s dividend payout ratio (DPR) is presently 44.28%.

Insider Transactions at HP

In related 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 value of $631,019.04. Following the sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HPQ. Wells Fargo & Company raised their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Barclays increased their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Morgan Stanley raised their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $23.50.

HP Company Profile

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.