HP Inc. (NYSE:HPQ) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in HP Inc. (NYSE:HPQ - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,265 shares of the computer maker's stock after selling 17,055 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in HP were worth $2,489,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. West Paces Advisors Inc. boosted its stake in shares of HP by 3.2% in the fourth quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after purchasing an additional 298 shares during the period. TIAA Trust National Association boosted its position in HP by 1.8% in the 4th quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after buying an additional 302 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in HP by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after buying an additional 306 shares during the last quarter. Auxano Advisors LLC grew its stake in shares of HP by 3.7% during the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after acquiring an additional 310 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of HP by 2.6% during the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock worth $420,000 after acquiring an additional 316 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. The trade was a 99.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

HP Stock Performance

Shares of NYSE HPQ traded up $0.56 during midday trading on Friday, hitting $29.34. The company's stock had a trading volume of 7,798,710 shares, compared to its average volume of 7,894,167. The firm has a market cap of $27.65 billion, a P/E ratio of 10.44, a P/E/G ratio of 2.96 and a beta of 1.32. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The firm's fifty day moving average price is $26.14 and its 200-day moving average price is $31.28.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The company had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Wednesday, June 11th. HP's dividend payout ratio (DPR) is 41.37%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HPQ shares. Barclays raised their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. StockNews.com raised shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their price target on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Morgan Stanley decreased their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Finally, Citigroup boosted their target price on shares of HP from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.17.

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.