HP Inc. $HPQ Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in shares of HP Inc. (NYSE:HPQ) by 121.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 236,300 shares of the computer maker’s stock after purchasing an additional 129,400 shares during the quarter. Alberta Investment Management Corp’s holdings in HP were worth $5,265,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Caitlin John LLC acquired a new position in HP in the third quarter worth $30,000. Garner Asset Management Corp acquired a new position in HP during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in HP during the 4th quarter valued at $26,000. Sound Income Strategies LLC raised its stake in HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after acquiring an additional 646 shares in the last quarter. Finally, BNP Paribas boosted its position in HP by 89.5% during the 3rd quarter. BNP Paribas now owns 1,429 shares of the computer maker’s stock worth $39,000 after acquiring an additional 675 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPQ. Wells Fargo & Company raised their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Barclays increased their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Morgan Stanley upped their price target on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, UBS Group increased their price objective on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus target price of $23.33.

HP Stock Down 1.3%

Shares of HPQ stock opened at $24.29 on Wednesday. The stock has a 50-day simple moving average of $22.18 and a 200 day simple moving average of $21.27. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The stock has a market capitalization of $22.21 billion, a P/E ratio of 8.96, a P/E/G ratio of 4.15 and a beta of 1.17.

HP (NYSE:HPQ) last issued its quarterly 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. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the business earned $0.71 earnings per share. HP’s revenue for the quarter 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. On average, sell-side analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.9%. HP’s dividend payout ratio is currently 44.28%.

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.