Public Employees Retirement System of Ohio Takes $7.20 Million Position in HP Inc. $HPQ

Public Employees Retirement System of Ohio purchased a new position in HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 328,070 shares of the computer maker’s stock, valued at approximately $7,198,000.

Other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in HP during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new position in HP in the 4th quarter worth about $26,000. Union Savings Bank purchased a new position in shares of HP during the fourth quarter worth approximately $28,000. Aberdeen Wealth Management LLC purchased a new position in shares of HP during the second quarter worth approximately $29,000. Finally, DV Equities LLC bought a new stake in shares of HP during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Up 4.5%

HP stock opened at $31.37 on Wednesday. The firm has a market cap of $28.29 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.56 and a beta of 1.18. The business has a fifty day moving average of $26.66 and a two-hundred day moving average of $22.94. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that HP Inc. will post 3.23 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. HP’s payout ratio is currently 45.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HPQ. Wells Fargo & Company increased their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Bank of America reissued an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Morgan Stanley decreased their price objective on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Barclays upped their price objective on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $25.17.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the 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 sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 in the last ninety days. Insiders own 0.18% of the company’s stock.

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.