OMERS ADMINISTRATION Corp Sells 17,055 Shares of HP Inc. (NYSE:HPQ)

OMERS ADMINISTRATION Corp cut its position in HP Inc. (NYSE:HPQ) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of HP during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of HP in the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of HP in the fourth quarter valued at $36,000. OFI Invest Asset Management bought a new stake in shares of HP during the 4th quarter valued at $37,000. Finally, CoreCap Advisors LLC lifted its holdings in HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock worth $46,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

HP Trading Down 0.6%

NYSE HPQ opened at $28.60 on Thursday. The firm has a market cap of $26.96 billion, a PE ratio of 10.18, a price-to-earnings-growth 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 stock has a 50-day moving average of $26.15 and a 200-day moving average of $31.43.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. As a group, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.05%. HP’s dividend payout ratio is currently 41.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HPQ shares. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley reduced their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Citigroup lowered their price objective on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Evercore ISI lowered their price target on HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, TD Cowen lowered their target price on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.83.

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.