E Fund Management Co. Ltd. Makes New Investment in HP Inc. $HPQ

E Fund Management Co. Ltd. bought a new stake in HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,199 shares of the computer maker’s stock, valued at approximately $553,000.

A number of other large investors have also bought and sold shares of the business. Garner Asset Management Corp bought a new position in HP in the 4th quarter valued at $25,000. SHP Wealth Management acquired a new position in HP in the fourth quarter worth $26,000. Union Savings Bank bought a new stake in shares of HP during the fourth quarter worth $28,000. DV Equities LLC acquired a new stake in shares of HP in the fourth quarter valued at $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of HP in the fourth quarter valued at $32,000. 77.53% of the stock is currently owned by institutional investors.

HP Price Performance

Shares of NYSE:HPQ opened at $29.42 on Friday. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 5.05 and a beta of 1.17. The company has a 50 day moving average of $25.69 and a 200-day moving average of $22.35. HP Inc. has a one year low of $17.56 and a one year high of $32.19.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the business posted $0.71 earnings per share. HP’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. Equities research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend 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 is 44.28%.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. The trade was 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. In the last 90 days, insiders sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HPQ has been the topic of several research reports. TD Cowen upped their price target on shares of 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 shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. increased their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley raised 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 investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.50.

HP 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.