Commerzbank Aktiengesellschaft FI Has $4.28 Million Stake in HP Inc. (NYSE:HPQ)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 11.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,504 shares of the computer maker's stock after acquiring an additional 16,232 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in HP were worth $4,279,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HPQ. Proficio Capital Partners LLC bought a new stake in shares of HP during the fourth quarter worth $211,000. HighTower Advisors LLC grew its holdings in shares of HP by 1.0% during the fourth quarter. HighTower Advisors LLC now owns 191,082 shares of the computer maker's stock worth $6,235,000 after purchasing an additional 1,835 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of HP by 1.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 100,821 shares of the computer maker's stock worth $3,290,000 after purchasing an additional 1,314 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of HP by 17.7% during the fourth quarter. Harbour Investments Inc. now owns 3,236 shares of the computer maker's stock worth $106,000 after purchasing an additional 487 shares during the last quarter. Finally, Cibc World Markets Corp grew its holdings in shares of HP by 14.5% during the fourth quarter. Cibc World Markets Corp now owns 152,082 shares of the computer maker's stock worth $4,962,000 after purchasing an additional 19,238 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HPQ. Barclays set a $28.00 target price on HP and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Evercore ISI decreased 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. UBS Group decreased their price target on HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. KGI Securities started coverage on HP in a report on Thursday, May 29th. They issued a "neutral" rating on the stock. Finally, Dbs Bank cut HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $29.54.

HP Trading Up 1.3%

Shares of NYSE:HPQ traded up $0.31 during trading on Friday, hitting $25.06. 7,173,134 shares of the company's stock traded hands, compared to its average volume of 7,949,494. The company has a market cap of $23.54 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. The company has a 50-day moving average price of $25.89 and a 200-day moving average price of $28.24. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. On average, analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.62%. HP's dividend payout ratio is currently 44.79%.

About HP

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.