Canada Pension Plan Investment Board Grows Stock Position in HP Inc. $HPQ

Key Points

• The Canada Pension Plan Investment Board increased its stake in HP Inc. by 5.8% in Q1, holding 335,282 shares valued at about $9.28 million.
• Recent analyst ratings show mixed opinions on HP, with target prices ranging from $26.00 to $30.00 and a consensus average rating of "Hold".
• HP declared a quarterly dividend of $0.2894, translating to an annual yield of 4.0%, with the payout date set for October 1st.

Canada Pension Plan Investment Board grew its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 335,282 shares of the computer maker's stock after purchasing an additional 18,400 shares during the quarter. Canada Pension Plan Investment Board's holdings in HP were worth $9,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Gotham Asset Management LLC boosted its position in shares of HP by 23.6% in the fourth quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock valued at $20,864,000 after acquiring an additional 122,289 shares during the period. BayBridge Capital Group LLC bought a new stake in HP during the first quarter valued at approximately $1,505,000. Meritage Portfolio Management raised its stake in shares of HP by 37.8% during the first quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker's stock worth $3,894,000 after acquiring an additional 38,568 shares in the last quarter. Jump Financial LLC purchased a new position in shares of HP during the first quarter worth approximately $6,359,000. Finally, Horizon Financial Services LLC raised its stake in shares of HP by 2,669.0% during the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock worth $319,000 after acquiring an additional 11,103 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on HPQ. Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Bank of America decreased their price target on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. TD Cowen decreased their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Citigroup decreased their target price on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, KGI Securities assumed coverage on shares of HP in a research note on Thursday, May 29th. They issued a "neutral" rating on the stock. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, HP has a consensus rating of "Hold" and an average price target of $29.96.

HP Price Performance

NYSE:HPQ traded down $0.31 during trading hours on Monday, hitting $29.03. The company had a trading volume of 1,500,653 shares, compared to its average volume of 8,372,293. The company has a market capitalization of $27.14 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The stock has a 50-day moving average price of $26.20 and a 200 day moving average price of $26.54. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.2894 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. HP's payout ratio is presently 42.34%.

HP Profile

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.