B. Metzler seel. Sohn & Co. AG Acquires New Stake in HP Inc. $HPQ

B. Metzler seel. Sohn & Co. AG purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,562 shares of the computer maker's stock, valued at approximately $1,044,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Silvant Capital Management LLC acquired a new stake in HP in the 2nd quarter valued at $152,000. LaSalle St. Investment Advisors LLC bought a new position in HP in the second quarter valued at approximately $1,206,000. Vise Technologies Inc. acquired a new position in shares of HP during the 2nd quarter worth approximately $1,264,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of HP during the 2nd quarter worth approximately $849,000. Finally, E Fund Management Co. Ltd. bought a new position in shares of HP in the 2nd quarter valued at about $553,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. TD Cowen upped their price objective on shares of HP from $20.00 to $26.00 and gave the company a "hold" rating in a report on Thursday, May 28th. Citigroup upped their price target on shares of HP from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Morgan Stanley raised their price objective on shares of HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their price objective on HP from $20.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, HP has an average rating of "Reduce" and an average price target of $23.50.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,620 shares of company stock valued at $1,478,622. Company insiders own 0.18% of the company's stock.

HP Trading Up 0.2%

Shares of NYSE:HPQ opened at $29.76 on Monday. The firm has a 50 day moving average of $25.78 and a 200-day moving average of $22.42. The stock has a market capitalization of $27.22 billion, a PE ratio of 10.98, a PEG ratio of 5.01 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analysts' expectations of $13.99 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, research analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP's dividend payout ratio is 44.28%.

About HP

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.

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