OP Asset Management Ltd Acquires Shares of 91,485 HP Inc. $HPQ

OP Asset Management Ltd purchased a new stake in HP Inc. (NYSE:HPQ) during the first quarter, HoldingsChannel.com reports. The firm purchased 91,485 shares of the computer maker’s stock, valued at approximately $1,757,000.

Other hedge funds have also modified their holdings of the company. Apella Capital LLC raised its stake in HP by 15.9% during the 1st quarter. Apella Capital LLC now owns 15,366 shares of the computer maker’s stock worth $305,000 after buying an additional 2,107 shares during the period. Assenagon Asset Management S.A. increased its holdings in HP by 193.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 207,578 shares of the computer maker’s stock worth $3,988,000 after purchasing an additional 136,741 shares in the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of HP by 13.0% during the 1st quarter. Centennial Wealth Advisory LLC now owns 22,184 shares of the computer maker’s stock worth $426,000 after acquiring an additional 2,544 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of HP by 42.9% in the 1st quarter. Cidel Asset Management Inc. now owns 23,304 shares of the computer maker’s stock valued at $448,000 after acquiring an additional 6,997 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of HP in the first quarter valued at about $343,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

NYSE HPQ opened at $22.91 on Monday. The stock has a market capitalization of $20.95 billion, a P/E ratio of 8.45, a P/E/G ratio of 3.86 and a beta of 1.16. The business has a 50 day simple moving average of $22.90 and a 200 day simple moving average of $21.17. HP Inc. has a one year low of $17.56 and a one year high of $29.65.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction dated 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 transaction, the insider directly owned 92,200 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their price objective on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company lifted their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Barclays lifted their price objective on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, TD Cowen increased 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target 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.