Commerzbank Aktiengesellschaft FI purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,673,187 shares of the computer maker's stock, valued at approximately $80,590,000. HP comprises 1.6% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 20th largest holding. Commerzbank Aktiengesellschaft FI owned 0.40% of HP at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. DNB Asset Management AS grew its holdings in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the period. Norges Bank purchased a new position in shares of HP during the 4th quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership lifted its position in shares of HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker's stock valued at $228,153,000 after buying an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker's stock worth $244,527,000 after acquiring an additional 5,325,260 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in HP in the 2nd quarter worth about $109,934,000. Institutional investors own 77.53% of the company's stock.
Insider Activity 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 value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 over the last ninety days. 0.18% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Bank of America upped their price objective on shares of HP from $16.00 to $18.00 and gave the company an "underperform" rating in a report on Thursday, May 28th. Morgan Stanley lifted their target price on shares of HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, May 28th. Barclays boosted their price target on shares of HP from $16.00 to $19.00 and gave the company an "underweight" rating in a research report on Thursday, May 28th. The Goldman Sachs Group increased their target price on HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research note 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $23.50.
Get Our Latest Stock Analysis on HPQ
HP Price Performance
HPQ opened at $29.41 on Tuesday. The firm has a market capitalization of $26.90 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 5.08 and a beta of 1.17. HP Inc. has a one year low of $17.56 and a one year high of $32.19. The company has a fifty day moving average price of $25.38 and a 200-day moving average price of $22.13.
HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. 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, analysts expect that HP Inc. will post 2.98 earnings per share for the current year.
HP Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 9th. HP's dividend payout ratio (DPR) is 44.28%.
About HP
(
Free Report)
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.
Further Reading
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