Chou Associates Management Inc. Makes New Investment in HP Inc. $HPQ

Chou Associates Management Inc. purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 26,500 shares of the computer maker’s stock, valued at approximately $581,000. HP accounts for about 0.3% of Chou Associates Management Inc.’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in shares of HP in the fourth quarter worth about $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of HP by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after purchasing an additional 103,175 shares during the last quarter. BNP Paribas boosted its stake in HP by 8,978.0% during the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after purchasing an additional 128,296 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in HP during the 4th quarter valued at approximately $7,939,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 1.0%

HP stock opened at $29.76 on Friday. The business has a 50 day moving average price of $25.78 and a two-hundred day moving average price of $22.40. The stock has a market cap 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 12 month low of $17.56 and a 12 month high of $32.19.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 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 company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the company earned $0.71 EPS. The company’s quarterly 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, analysts expect 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. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Analysts Set New Price Targets

Several research analysts have commented on HPQ shares. TD Cowen lifted their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Barclays raised their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Bank of America upped their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley increased their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, HP presently has a consensus rating of “Reduce” and an average price target of $23.50.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock worth $1,478,622 in the last three months. 0.18% of the stock is owned by company insiders.

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.