Northwest & Ethical Investments L.P. Acquires 29,060 Shares of HP Inc. $HPQ

Northwest & Ethical Investments L.P. lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 16.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,935 shares of the computer maker’s stock after buying an additional 29,060 shares during the period. Northwest & Ethical Investments L.P.’s holdings in HP were worth $4,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HPQ. WPG Advisers LLC purchased a new stake in shares of HP during the 1st quarter valued at about $25,000. Laurel Wealth Advisors LLC lifted its position in HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the period. Global Trust Asset Management LLC boosted its holdings in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. AlphaCore Capital LLC grew its position in HP by 143.5% in the 2nd quarter. AlphaCore Capital LLC now owns 1,561 shares of the computer maker’s stock worth $39,000 after purchasing an additional 920 shares during the period. Finally, Quaker Wealth Management LLC grew its position in HP by 203.9% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after purchasing an additional 3,320 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Down 1.5%

NYSE HPQ opened at $23.97 on Thursday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $37.50. The company has a market capitalization of $22.40 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. The stock’s 50-day moving average price is $26.43 and its 200-day moving average price is $26.38.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. Research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is 43.40%.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Enrique Lores sold 34,282 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research reports. Barclays dropped their price target on HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday. HSBC set a $30.00 target price on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Finally, Bank of America dropped their price objective on shares of HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.69.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.