38,713 Shares in HP Inc. $HPQ Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in HP Inc. (NYSE:HPQ) in the 2nd quarter, HoldingsChannel reports. The fund purchased 38,713 shares of the computer maker’s stock, valued at approximately $849,000.

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

HP Stock Performance

Shares of HPQ stock opened at $29.76 on Friday. The company has a market capitalization of $27.22 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 4.97 and a beta of 1.17. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The company has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $22.40.

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

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. HP’s dividend payout ratio (DPR) is currently 44.28%.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. The trade was 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. In the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America increased their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. TD Cowen lifted their target price on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, Barclays increased their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $23.50.

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.