OMERS ADMINISTRATION Corp Acquires 32,129 Shares of HP Inc. $HPQ

OMERS ADMINISTRATION Corp raised its holdings in HP Inc. (NYSE:HPQ) by 26.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,593 shares of the computer maker’s stock after acquiring an additional 32,129 shares during the period. OMERS ADMINISTRATION Corp’s holdings in HP were worth $2,912,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in shares of HP in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in HP during the fourth quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in HP in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC grew its stake in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after buying an additional 646 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of HP in the 4th quarter worth $28,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $28.30 on Wednesday. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 4.48 and a beta of 1.19. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm has a 50 day moving average price of $24.40 and a 200-day moving average price of $21.28.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’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. As a group, equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HPQ shares. Citigroup raised their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Bank of America raised their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Finally, UBS Group upped their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two 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 company. According to MarketBeat, HP currently has an average rating of “Reduce” and an average target price of $23.33.

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.