Cibc World Market Inc. Acquires 61,244 Shares of HP Inc. $HPQ

Cibc World Market Inc. lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 22.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,804 shares of the computer maker’s stock after purchasing an additional 61,244 shares during the period. Cibc World Market Inc.’s holdings in HP were worth $8,953,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in HPQ. Concurrent Investment Advisors LLC boosted its stake in HP by 95.2% in the second quarter. Concurrent Investment Advisors LLC now owns 21,260 shares of the computer maker’s stock valued at $520,000 after acquiring an additional 10,366 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of HP by 0.5% during the 2nd quarter. Yousif Capital Management LLC now owns 145,308 shares of the computer maker’s stock valued at $3,554,000 after buying an additional 727 shares during the last quarter. NorthRock Partners LLC bought a new position in shares of HP during the 2nd quarter worth $206,000. Allianz Asset Management GmbH increased its holdings in HP by 11.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,664,531 shares of the computer maker’s stock worth $114,094,000 after acquiring an additional 473,732 shares during the last quarter. Finally, Applied Finance Capital Management LLC raised its stake in HP by 3.2% in the 2nd quarter. Applied Finance Capital Management LLC now owns 1,122,577 shares of the computer maker’s stock valued at $27,952,000 after acquiring an additional 35,156 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 2.0%

HPQ stock opened at $19.25 on Friday. The company’s 50 day moving average is $21.53 and its 200 day moving average is $24.84. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.29 and a beta of 1.21. HP Inc. has a 1-year low of $18.26 and a 1-year high of $35.28.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, March 11th. HP’s payout ratio is presently 45.28%.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. Barclays reiterated an “underweight” rating and issued a $18.00 target price (down previously from $24.00) on shares of HP in a research note on Friday, January 16th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a report on Monday, December 1st. Morgan Stanley decreased their price objective on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 26th. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Finally, Evercore lowered their price target on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $24.31.

Insiders Place Their Bets

In other news, CEO Enrique Lores sold 41,922 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 91,969 shares of company stock valued at $2,277,993 over the last three months. Insiders own 0.38% of the company’s stock.

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.