OmniStar Financial Group Inc. Sells 2,492 Shares of HP Inc. $HPQ

OmniStar Financial Group Inc. decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 14.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,488 shares of the computer maker’s stock after selling 2,492 shares during the period. OmniStar Financial Group Inc.’s holdings in HP were worth $354,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of HP during the first quarter worth $179,037,000. Invesco Ltd. boosted its holdings in HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after buying an additional 1,829,411 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of HP by 32.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 5,684,655 shares of the computer maker’s stock worth $139,047,000 after buying an additional 1,378,570 shares during the period. Ameriprise Financial Inc. increased its stake in shares of HP by 96.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock valued at $64,642,000 after acquiring an additional 1,147,342 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of HP in the 1st quarter valued at approximately $22,377,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

HPQ opened at $24.49 on Friday. The company has a market capitalization of $22.89 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 2.23 and a beta of 1.28. The business’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $26.51. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period last year, the company earned $0.83 earnings per share. HP’s quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HPQ has been the subject of several recent analyst reports. Sanford C. Bernstein assumed coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Citigroup dropped their price objective on HP from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group boosted their target price on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has given 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 $28.67.

Insider Buying and Selling

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their position. The SEC filing for this sale provides additional information. 0.38% of the stock is owned by company insiders.

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.